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Services
What we offer
Payroll Management
At GenZed, we provide a comprehensive payroll service designed to support Portfolio FDs in managing their clients’ payroll processes seamlessly and accurately. Our service integrates with systems like Xero, Google Sheets, and others to streamline payroll management, ensuring compliance with HMRC regulations, and offering clear, detailed reporting to meet the specific needs of your clients. With our deep accounting expertise and a focus on precision, we ensure that your clients’ payroll processes are handled efficiently, allowing you to focus on strategic financial oversight.
What We Offer
Complete Payroll Processing
We manage all aspects of payroll, from gross-to-net salary calculations, PAYE deductions, NIC, and pension contributions to handling bonuses, commissions, and other complex pay structures. We ensure accurate and timely payroll processing for all employees, ensuring compliance with HMRC requirements.
Compliance with HMRC Regulations
We ensure that payroll processing is fully compliant with the latest HMRC regulations. This includes handling tax filings, managing statutory sick pay, maternity pay, and auto-enrolment pensions, minimising your clients’ exposure to risk from non-compliance or miscalculations.
Seamless Integration
Our payroll service integrates directly with Xero, Google Sheets, and other platforms, allowing for real-time data updates and smooth flow of information. This integration ensures consistency between payroll data and the general ledger, making payroll reconciliations quick and accurate.
Customised Solutions for Complex Pay Structures
We manage payroll complexities like director remuneration, bonus schemes, and varying pay structures across different employee levels. Whether your clients’ needs involve multiple pay cycles or varying bonus structures, we can tailor payroll solutions accordingly.
Detailed Payroll Reporting and Commentary
We provide detailed payroll reports, with breakdowns of all movements from the prior period, including changes in salaries, tax deductions, or pension contributions. Every report includes commentary to explain the movements, offering a clear audit trail and making it easy to identify variances.
CSV File Preparation for Bank Uploads
We can generate CSV files for payroll payments, ready for upload into your clients’ bank accounts, allowing for efficient payment approval. This reduces manual entry errors and speeds up the payroll payment process.
LLM-Powered Payroll Insights
Our AI-driven LLM provides real-time answers to payroll-related queries, allowing you and your clients to quickly understand changes, such as pay adjustments, tax implications, or pension contributions. This helps maintain clarity in payroll data, while our team remains available for any additional, in-depth support.
How We Work
Customisable Dashboard
Our secure dashboard provides easy-to-navigate visuals, such as payroll movements and variances, which are displayed using simple graphs and charts. The dashboard is fully customisable and offers real-time access to payroll metrics and historical data, making it easier for you to monitor and control payroll activity across multiple clients.
Regular Payroll Reconciliations
To ensure that payroll data remains accurate and up-to-date, we perform regular reconciliations. This guarantees that payroll information is always aligned with financial accounts, minimising discrepancies at month-end and reducing the time required for payroll adjustments or corrections.
Meeting Deadlines and Providing Support
We ensure that payroll is processed on time, meeting all deadlines agreed upon with your clients. Our expert team is also always available to support your clients with any payroll queries or issues, ensuring that all questions are addressed promptly and professionally.
Highly Personalised Service
At GenZed, we provide a hands-on, client-focused service. We work closely with Portfolio FDs to ensure that payroll services are tailored to the specific needs of each client. Our team proactively manages payroll tasks, taking a collaborative approach to ensure that everything runs smoothly, with minimal effort required on your part.
Why Choose GenZed?
Partner with GenZed to ensure your clients’ payroll processes are fully compliant, accurate, and always delivered on time. We provide accurate payroll management, handling everything from salaries to bonuses and pensions with timely processing. Our customised solutions handle complex pay structures, and detailed reports with commentary ensure clarity. We minimise compliance risks by managing tax filings and statutory pay. With LLM-powered insights, ready-to-upload payment files, and hands-on support, we streamline payroll operations, saving you time and ensuring smooth, efficient service for your clients, allowing you to focus on providing strategic financial guidance.
– Full payroll processing, from calculating gross-to-net payments to managing tax deductions and pension contributions.
– Seamless integration with Xero, Google Sheets, and other software, providing consistency between payroll and the general ledger.
– Detailed payroll reporting, with full commentary explaining movements and variances, for clear, audit-ready records.
– Real-time insights through our LLM, providing instant answers to payroll-related queries.
– Regular payroll reconciliations ensure accurate data and reduce the risk of discrepancies.
– Scalable payroll solutions that grow with your clients’ businesses, ensuring ongoing accuracy and compliance even as payroll complexity increases.
– Support for complex pay structures, including director remuneration and varying bonus schemes.
– Preparation of CSV files for payroll payments, ready for upload to banks, streamlining the payment process.
– A hands-on, personalised service to ensure that every payroll run is accurate, compliant, and tailored to each client’s needs.
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