If you were a one man operation, working from home, then perhaps you would not have to worry. But yes, you do, because even you have to get paid, and on time too. We all know the consequences of not being paid on time. Perhaps the pressure and responsibility is a little greater for small business owners who have at their disposal a small staff compliment. Whether it is a small graphic design studio or a downtown grocery store, matters no, the daily to monthly list of tasks for the small business operator is long.
Lessons have been learnt about this and to ensure that everyone gets paid on time, the owner or manager schedules staff payments as early as the first week of the new month, all in the interest of ensuring all staff members get paid on time later in the month. When does this business owner sleep? No matter how able bodied and able-minded his staff are he still has a lot to answer for. The pressure of keeping a business afloat can be great.
If the business folds, workers lose their jobs. It has long been a strong fundamental of good business practice to outsource a few essential tasks that are specialist in its nature. For instance, to ensure that all staff members get paid on time, the outsourcing of payroll services for small business practitioners becomes necessary. It is also a good idea to outsource bookkeeping and accounting work. These outsourcing exercises never need to be costly to the small business owner.
Payroll and accounting work is not a seven day a week affair. Billing time can be restricted to work done per hour. So, to receipt paychecks for no less than five staff members should not take too long.