Payroll

Payroll and its smooth operation is one of the cornerstones of a company’s success. Your company’s employees expect payroll administration to function flawlessly and on time. We help you with that. At its best, functional payroll administration is completely invisible from the employee’s perspective. By outsourcing and digitizing payroll, you minimize errors in wages and keep your company’s personnel satisfied.

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Payroll Services

Our payroll services always begin by determining the needs of our client company. It is important to find a payroll collaboration model that best suits your company.

Our services will help you save time for more productive work and breathe a sigh of relief knowing that all statutory reporting obligations to the income register are always in order. With Fennoa payroll, you also have real-time information on upcoming leave accruals at all times.

You no longer need to search folders for documents related to personnel administration or wages, as their storage and maintenance are centralized in the payroll system’s secure cloud storage system.

If your company already uses a time tracking system, we can also retrieve payroll data from there on your behalf or implement a direct integration.

  • Customized payroll solutions tailored to your needs
  • Electronic payroll with Fennoa Payroll software
  • All official reports effortlessly
  • All wages calculated on time and error-free
  • Time remains for actual core business
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Outsourced Payroll Administration

By outsourcing payroll accounting to us, you save your own time for productive work and avoid unnecessary errors.

All payroll stages from processing payroll transactions to payment, reporting, and electronic archiving

The Fennoa Payroll feature we use is designed to facilitate collaboration between the accounting firm’s payroll specialist and the company in wage payment.

“Thanks to good default settings, ready-made wage types, and accounting specifications, Fennoa’s payroll can be quickly implemented in a company”

In electronic payroll, the system automatically handles income register reporting, payroll payment generation, and accounting vouchers, enabling consistency between accounting, bank payments, income register reports, and payroll calculations. Separate payroll reports can also be automated if necessary.

Thanks to advanced automation and shared use, the payroll specialist’s time is saved and the number of errors decreases when manual data entry and extra work are eliminated.

Employee and employment relationship information is transferred or entered into Fennoa. These include, for example, name, bank account, job title, and monthly salary amount.

If there are variable components affecting wages such as overtime or annual leave, payroll must receive information about these. This can be done through integration with time management software or by manual entry; practices are individual.

The accounting firm calculates the wages, after which they are sent to the company’s responsible person for approval. Once approved, the wages go directly to payment so that wages are in employees’ accounts on payday.

Income register reports are sent automatically in the background. Wages paid during the month generate an employer payment invoice in Fennoa, which is approved at the beginning of the next month like any purchase invoice.

All payroll calculations are in one place, and comprehensive reports can be retrieved from there.

Leave accrual and use can be taken into account continuously in monthly payroll.

Fennoa has its own section for travel and expense reimbursement invoices.
Smooth travel expense management is important for both the company’s business operations and employee satisfaction. Functional processes significantly lighten the administrative workload. Employees can directly create their own travel expense reports in the system, which then arrive ready for designated persons to approve. After approval, the travel expense report is like any purchase invoice.

The necessary aspects of Fennoa’s payroll section are reviewed with the client, depending on how, for example, working hours have been agreed to be entered.