The accounting process can be tedious and time-consuming. Unlike automating accounting processes, Manual accounting processes are hindering the growth of your business. Many businesses struggle to manage their accounting, pay employees, and schedule their payroll every month.

Automation is vital to make the most out of your company’s finances. Automated payroll services save time by automating tasks such as employee onboarding and calculating paychecks for each employee. This will not only keep you from having to do these things manually, but it will also allow you to have more time for other essential tasks such as marketing and customer service. Here’s how you can automate the accounting process for your business and take care of business in no time.

How do you automate an accounting process?

There are a few ways you can automate the accounting process for your business. These include automatically calculating paychecks for employees, automatically paying employees through payroll services, and automating tasks such as employee onboarding.

Automating accounting processes:

You can use an automated payroll service to calculate paychecks for each employee. This will save time by automating this task and allowing you to have more time for other essential tasks such as marketing and customer service.

How do you automate bookkeeping in accounting?

Some of the most common automation solutions in accounting include:

  • Online payroll services allow you to process payroll quickly and easily.
  •  Time tracking software tracks when employees work and the hours they work.
  • Cloud accounting software allows you to manage all your accounting information online.
  • Accounting software integrates with other programs, such as QuickBooks or Xero.
  • External bookkeeping services that take care of your finance for a fee.

What is Automated Onboarding? 

Automated onboarding is the process of setting up an employee in your business within the first few days of their start date. Depending on your preference, it can be done through either physical or virtual means. An automated onboarding process takes care of all the legal paperwork and background checking necessities for new employees so that you don’t have to worry about it.

How can IT pros automate the employee onboarding process?

One of the most time-consuming tasks for accounting and employee onboarding is manually entering all of the necessary information. This can be a time-consuming process that IT pros can automate with a software program like CorporateStack HR Management System & Payroll Software.

Once this software program is installed, it will automatically set up each new employee’s payroll, send them their W2 forms and send you payment reminders if they need to be sent. You can also use other programs like Sales Force or HubSpot to track your employees’ work hours and productivity to improve their performance at work.

Aside from automating accounting processes, IT pros can also use software programs like Workday to automate payroll, HR management, employee onboarding, and more in a single platform. Even with this software program in place, you still won’t have to worry about doing any of these tasks every month because the system does all of this for you automatically for every employee who logs into the platform.