Payroll Outsourcing

To compete favorably and surpass shareholders expectation, there is need for it to allow professionals to handle some of its non-core but equally important activities such as payroll management.

At BVS, our unmatched technical knowledge of taxation laws, technology utilization, payroll, compensation and benefit offerings allows us to be the preferred choice for outsourced payroll solution. We offer world-class service that ensure compliance to prevailing regulations, operational efficiency and allow our client to focus on their core business.

Specifically, the services provided are detailed below: 

  • Issuing and managing payroll. 
  • Production of payroll accounting entry. 
  • Detailed cost analysis grouped by employee, department, specialization etc. 
  • Electronic payslip management
  • Calculation of compensation to be paid to employees in case of resignation and also the statutory termination indemnity in case of dismissal 
  • Preparation of budget for the next fiscal year in accordance with assumptions, parameters and specific scenarios given. 
  • Preparation of monthly accruals for statutory bonuses (holidays, vacation and others) and any other annual bonuses that may be provided to the employees 
  • Preparation, submission and remittance to the respective government and pension offices both electronically and hard copy
  • Computation for new hires, terminations, and others on need basis. 
  • Hotline with our consultants to support you in pension and tax issues. 
  • Expanded ability to produce reports in excel format 
  • Prompt notification of changes to tax, pension and labor law issues. 
  • Adequate management of regulatory compliance activities (NHF, NSITF, ITF etc)