ClockOn's Support Manager, Matthew Abbott, runs through the preparation and process for your final EOFY STP submission.

Payroll is one of the essential parts of any organisation. Businesses must keep the payroll system updated to ensure wages are processed accurately and on time. An employees' remuneration is calculated and generated by the payroll software used by the company.

An outsourced payroll may sound like a strange idea at the outset – why entrust your company’s finances to people outside the company? – but the data shows that more businesses are switching to it. Statista shows that payroll outsourcing statistics have been on the rise for the past few years, with many businesses considering payroll outsourcing as an essential part of their operations.