Why is outsourced payroll popular among accounting professionals?
A) Records generated by outsourced vendors are not subject to retention rules.
B) Payroll processing is always simpler and quicker.
C) Time required for payroll processing is reduced.
D) Data generated by the outsource company is completely accurate.

Question

Quizplus · Accepted Answer

Outsourcing payroll processing reduces the time required for accounting professionals to complete payroll tasks, allowing them to focus on other aspects of their work. It also eliminates the need for in-house payroll staff and helps ensure that payroll compliance requirements are met. However, the accuracy of data generated by the outsource company is not guaranteed, and records generated by outsourced vendors are still subject to retention rules.

Why Is Outsourced Payroll Popular Among Accounting Professionals