Direct Deposit – Key Benefits
Benefits to You
- Pay your employees electronically from your Simply Accounting software – it's easy and convenient.
- No additional software is required.
- Schedule single or multiple payroll to be processed on a future payroll date to streamline your payroll process.
- Online reporting available to review transactions.
- No need to cut cheques. You decide when cheques are deposited, so you keep control over your payroll.
- Use Direct Deposit for many employees or just a few – you'll have the flexibility you need.
- Issue paycheques on time, no matter where you or your employees are.
Benefits to Your Employees
- Direct Deposit is safe and confidential. Eliminates risk of lost or delayed cheques. Lost cheques can take as long as 3 weeks to be replaced.
- Direct Deposit is convenient and saves you time.You don't have to wait in bank lines on pay day. And no more extra trips to the office to pick up paycheques.
- Direct Deposit gives many people access to their payments one to four days earlier than a cheque. There is no waiting for a cheque to clear.
- Direct Deposit helps you manage your finances. Divide your pay among your accounts and it will be done automatically each payday.
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Accounting software that does more than crunch numbers–Simply Accounting can give your business an edge with greater visibility, enhanced analytics, and streamlined processes.