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Instituting computerized payroll systems within your business or organization can bring forth positive changes, saving hours producing and updating physical payroll journals and records. Computerized payroll systems come in the form of software packages that you must install on company computers. Whether you're a small, medium or large organization, this type of system creates efficiency as all records can be stored, organized and maintained electronically.

Computerized payroll software automates many functions, which saves both time and resources. For example, it automatically calculates figures, such as employees' earnings, based on inputs. Though some data must be collected and input manually, such as new hire information, the computerized system keeps it organized so you can access and update it electronically as needed. Some payroll software can be integrated with other record-keeping functions, such as time clocks.