Payroll software is a specialised software to automate the payroll management system, which is highly efficient for a business in Bangladesh. But, what if we say, FREE payroll software in Bangladesh? Sounds great, right?
Free payroll software is a system that enables users to pay their employees without any software subscription fees. Some popular free payroll software options in Bangladesh include Jibikaplexus and Soft IT Security. In this article, we will dive into the details of helpful tips for using free payroll software in Bangladesh. Let’s get started!
Helpful Tips for Using Free Payroll Software in Bangladesh
As the name suggests, free payroll software helps businesses manage payroll for free. There are few companies in Bangladesh that are well known for their solutions like providing advanced payroll features to make HR management easier for startups and small companies.
Let’s explore the helpful tips for using free payroll software in Bangladesh in detail from the following:
Jibikaplexus
Jibikaplexus is an efficient and well-structured web-based payroll software in Bangladesh. It offers comprehensive HR management services for free. Even if the paid version is very reasonable. By offering robust features, this software has become a suitable fit for startups and small businesses.
Jibikaplexus is accessible on both mobile and PC. It records all the employee-related data and reduces the hassle of paperwork. Most importantly, its built-in system helps nurture and strengthen relationships with employees.
Wise Business
Wise Business is a free payroll software that allows users to manage payroll, bills, and vendor payments from a single account without charging any hidden fees. By integrating with popular accounting software like Xero, QuickBooks, FreeAgent, and Sage, it synchronizes payroll and financial data. This software is convenient and time-effective and optimizes the payroll and financial management processes very efficiently.
Soft IT Security
Soft IT Security is a hr and payroll management software that offers standard packages with customized options. These packages include features like attendance reports, data reports, analyses, and loan tracking. So, with this software, you will get accurate reports.
WebHR
Webhr is a cloud-based payroll software. This offers a mobile app and dummy account to familiarize you with the platform. It is a social payroll software because it automates the processes of hiring new employees, recruitment, onboarding, time, attendance, schedule maintenance, and PTO.
Payroll4free.com
Payroll4free.com is an effective free payroll software for small businesses. It helps to manage the business’s payments. But, here, you can pay up to 10 employees, and the software includes only the targeted ads. If you run a small business, this software will be a perfect fit for your HR management.
This software calculates taxes and tracks vacations accurately. It includes an employee portal to check out the relevant documents on a desktop or phone.
Microkeeper
Microkeeper is an innovative payroll software for HR management. It sends job offers, contracts, onboarding documents, and training materials. This software is one of the first platforms to feature single-touch payroll (STP). So, here, you will get several hr functions done in one single click.
Should You use free payroll software? Is it effective?
Free payroll software may be effective for startup businesses and for people who are using payroll for the first time. By using free payroll, you can develop an understanding of its benefits and functions. It is a great option to get introduced to basic payroll functions such as salary calculation and tax deduction without paying any charge.
But, the use of free software becomes challenging for large businesses. In a big company, you need unlimited access and employee management capacities to operate the whole business process, especially the HR department. In such cases, free payroll is not capable of providing unlimited access and fails to handle large volumes of data. This results in inefficient and unscalable business management.
There is another option available for you, which is to upgrade your free payroll software to the paid version and experience comprehensive features such as flexibility, workplace management capability, etc.
If budget is an issue for you, there are many payroll software available in the market at reasonable prices. Among them, Jibikaplexus is one of the most affordable payroll software. There are some other options, such as web accounting, home base, riggling, etc., that may fit into your budget. But before reaching any conclusion, you should carefully consider the long-term needs of your business and budget to optimize your business growth and ensure smooth hr management.
FAQ
Q) Is free payroll software effective for running a business?
Answer: Free payroll software may be effective for a startup business. However, for long-term solutions, you should get the paid version of payroll software.
Q) Which is the best affordable payroll software in Bangladesh?
Answer: It is tough to mention any particular software. But, among so many software, Jibikaplexus stands out as the best affordable payroll software to serve HR purposes.
Q) Is it convenient to switch from the free version to the paid version of the same software?
Answer: Yes, it is convenient to switch from the free version to the paid version of the same software. It is also effective for smooth hr management. By upgrading the software from free to paid version, you can save ample time, which is a great factor in business management.
Conclusion
In Bangladesh, free payroll software is a cost-effective option for startup businesses. It helps warm up efficiency for HR management and allows you to familiarize yourself with the functionalities of payroll software without any charge.
This article describes the helpful tips for using free payroll software in Bangladesh in detail. You should read it carefully to make the right decision for your startup business.
But, as the business grows and your employee number increases, using free software is an obstacle in managing unlimited access and handling large sets of data. In such a situation, the paid version is the best solution. Payroll software is a very necessary tool to eliminate the extra workload of the hr team.
