Accounting, payroll & HR and payments software firm Sage is set to launch Sage One Payroll tomorrow globally and on April 25th in Kenya in a move expected to help startups and small businesses automate their accounting processes and tax obligations to save them time and money.
The cloud-based payroll solution was first launched in South Africa but has now been tailored for the local market and meets all the local tax and legal requirements. Sage One Payroll is integrated with Sage One Accounting, offering clients both an accounting and HR suite in one.
It automatically calculates all statutory amounts – income tax, National Health Insurance Fund (NHIF), National Social Security Fund (NSSF) and any other payroll related costs – to leave users with the correct net salary for each employee. Firms can try out the software for 60 days for free.
Here are the reasons why you should be excited about its launch in Kenya tomorrow.
- Streamlined accounting & payroll processes
Sage One Payroll offers a complete business solution with streamlined internal accounting processes and local tax and legal requirements. The software automatically calculates all statutory amounts – income tax, National Health Insurance Fund (NHIF), National Social Security Fund (NSSF) and any other payroll related costs – to leave you with the correct net salary for each employee.
2. Affordable
Sage One Payroll is cheaper than hiring an accounts assistant and is way cheaper than most Payroll softwares in the market as it costs just Ksh100 per employee per month to capture transactions, automate payroll calculations and bring visibility to the business.
Sage One Payroll also comes with a flexible pricing plan, based on different brackets of employee count and users can pay per month or per year.
3. Simple to use
The cloud-based payroll system is simple to use and also makes it simple to track annual changes to tax regulations that impact on payroll tax calculations and various changes in legislation. It makes it simple to file statutory returns, automatically update your payroll general ledger in Sage One Accounting and produce professional electronic payslips with a click of a button.
With no payroll jargon and pre-defined transaction definitions and templates, you can simply sign up, add your employees and start processing within 5 minutes.
4. Mobile and cloud-based
Because it’s cloud-based, Sage One Payroll is available anywhere, anytime and users can access their data from anywhere as long as they have an internet connection. This increases productivity and save a firm time and money.
5. KRA compliant
With Sage One Payroll, a firm’s payroll legislation is taken care of as Sage One meets all the Kenya Revenue Authority requirements and allows users to generate tax certificates in one simple step. The software can also be used regardless of the company size.
Users can easily comply with tax obligations and print out professional payslips with a push of a button. Plus, the integration between Sage One Accounting and Sage One Payroll removes the need for users to manually recapture payroll data into their accounting systems.
6. Reduces fraud
Sage One Payroll helps small businesses avoid filling incorrect payments due to better visibility into transactions which provides an audit trail, reconciles input and output and offers a set of controls, checks and balances that help to prevent errors and fraud.
7. Secure
Sage is a reputable firm and user data is secure. Firms need no online and offline back-ups as the software firm encrypts its data to world-class standards.
8. Collaborate
You and your accountant can work online on the same data at the same time regardless of the distance between the two of you.
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SAGE ONE
T 020 403 6000
www.sageone.co.ke
4th Floor, Nivina Towers,
Westland Roads, Nairobi, Kenya
© Sage South Africa (Pty) Ltd
Pay your employees anywhere, anytime with a simple and secure online payroll solution for start-up and small businesses
Nairobi, KENYA – 3 April 2017 – Sage, the market and technology leader for integrated accounting, payroll & HR and payment systems, today announced that Sage One Payroll will be available in Kenya from 3 April. The cloud solution integrates smoothly with Sage One Accounting, offering a complete business solution for start-up and small businesses. This was announced at the recent Sage Summit Tour for Africa & Middle East that took place in Johannesburg, South Africa.
Sage One Payroll is a smart online payroll solution that can be accessed 24/7 via the internet and that caters for local tax and legal requirements. It allows unlimited earnings (what you owe the employee) and deductions (what the employee owes you or someone else). The software automatically calculates all statutory amounts – income tax, National Health Insurance Fund (NHIF), National Social Security Fund (NSSF) and any other payroll related costs – to leave you with the correct net salary for each employee.
For as little as Ksh100 per employee per month, Sage One Payroll streamlines capturing of transactions, automates payroll calculations and brings visibility to the business. It also makes it simpler to keep track of annual changes to tax regulations that impact on payroll tax calculations and various changes in legislation.
“Because Sage One Payroll is online, you can simply login from wherever you are and start working,” says Nikki Summers, Director for Sage One in East and West Africa. “The software makes it simple to file statutory returns, automatically update your payroll general ledger in Sage One Accounting and produce professional electronic payslips with a click of a button is a major timesaver.”
Core features in Sage One Payroll include:
- Easy to use: With no payroll jargon and pre-defined transaction definitions and templates, you can simply sign up, add your employees and start processing within 5 minutes.
- Available anywhere, anytime: You can access your data from the cloud which means that your data is available online, anywhere, anytime. All you need is an internet connection.
- Tax submissions are a breeze: With Sage One Payroll, your payroll legislation is taken care of. Comply with the Kenya Revenue Authority requirements and generate tax certificates in one simple step.
- Unlimited companies, employees and users: With this smart online payroll solution, your payroll expands and shrinks as your business grows, enabling you to add as many employees or pay cycles as you like.
- Flexible pricing: The pricing plan, based on different brackets of employee count, won’t break the bank. You can pay per month or per year.
The discipline a good payroll solution offers to the business also comes with other benefits, adds Summers. Payroll fraud is a major risk, especially for smaller businesses, and incorrect payments can cost dearly. Payroll software delivers better visibility into transactions, provides an audit trail, reconciles input and output and offers a set of controls, checks and balances that help to prevent errors and fraud.
Mediabox Advertising Limited – which specialises in outdoor advertising, print management, corporate branding and signage, creative design, promotional items and branded material – uses the Sage One Accounting solution. “We’re so excited about Sage One Payroll as it will save us a great deal of time as we manage the payroll for our 12 employees,” says founder, Martin Kibote.
“We can easily comply with our tax obligations and print out professional payslips with a push of a button. Plus, the integration between Sage One Accounting and Sage One Payroll means that we don’t need to manually recapture payroll data in our accounting system.”
Concludes Summers: “Business builders and entrepreneurs don’t go into business to manage admin and red tape. Our vision is to make those tasks invisible by 2020 by automating the back-office functions so that they can focus on business strategy and more creative tasks that will enable them to follow their dreams.”
Sign up for Sage One Payroll in April to test it for free for 60 days. As a special introductory offer, you can get Sage One Accounting and Payroll for 10 employees and only pay Ksh17,000 for an annual subscription.
ENDS
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Sage is the market leader for integrated accounting, payroll and payment systems, supporting the ambition of the world’s entrepreneurs. Sage began as a small business in the UK 30 years ago and over 13000 colleagues now support millions of entrepreneurs across 23 countries as they power the global economy. We reinvent and simplify business accounting through brilliant technology, working with a thriving community of entrepreneurs, business owners, tradespeople, accountants, partners and developers. And as a FTSE 100 business, we are active in supporting our local communities and invest in making a real difference through the philanthropy of the Sage Foundation.
Sage – the market leader for integrated accounting, payroll and payment systems, supporting the ambition of the world’s entrepreneurs.
