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computing and reporting of payroll are very complex processes. Some companies choose to handle these computations and...

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Accounting

computing andreporting of payroll are very complex processes. Some companieschoose to handle these computations and the associated reportinginternally while other companies prefer to outsource these payrollfunctions to a third party.

Answer the followingquestions:

1.Research a payroll processing/outsourcing firm. Report thename of the firm and describe some of the functions this firm canperform for a company. Include a link to the firm's website.

2.Based on what you've learned in this chapter and usingcredible Internet sources, what are the pros and cons ofoutsourcing a company's payroll function?

3. Do you believe it is better to outsource a company's payrollfunctions or perform those functions internally? Why?

Answer & Explanation Solved by verified expert
3.8 Ratings (554 Votes)
httpswwwadpinservicespayrolloutsourcing 1 Name of the Outsourcing Firm ADP India The firms major Outsourcing functions for companies are listed below a Processing Monthly Salaries based on latest legislative updates processing Investment declarations of your new joins updating on your HRISProviding with consolidated reports Standard Customised b Payroll Compliances Ensure accurate processing of Statutory Compliances through a global leader in payroll compliance Such as Provident FundEmployee State InsuranceProfessional TaxLabour Welfare fund etc C Provides consolidated monthly reports and challans of remittancesFurthermore provides assistance with consolidated information during audits    See Answer
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Transcribed Image Text

computing andreporting of payroll are very complex processes. Some companieschoose to handle these computations and the associated reportinginternally while other companies prefer to outsource these payrollfunctions to a third party.Answer the followingquestions:1.Research a payroll processing/outsourcing firm. Report thename of the firm and describe some of the functions this firm canperform for a company. Include a link to the firm's website.2.Based on what you've learned in this chapter and usingcredible Internet sources, what are the pros and cons ofoutsourcing a company's payroll function?3. Do you believe it is better to outsource a company's payrollfunctions or perform those functions internally? Why?

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