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Online payrolls are services that collect information via the internet on hours worked, pay rates, deductions, and other payroll-related data from their clients and use that information to generate paychecks, payroll reports, and tax filings.
Payroll information is collected from remote sites via the internet, then processed and backed up at a central location. This can increase productivity, lower costs and decrease local storage needs. Loss prevention and the precision of payroll calculations can be improved as a result. Online payroll allows clients and payroll professionals to work collaboratively over the internet. This completely eliminates the need for paper checks or time consuming phone calls to the processing bureaus.