Does your company offer paycheck advance?
Sudden costs and unexpected situations are our daily routine. Whether it’s medical expenses or car repairs, if you’re not prepared for those surprises, they can be very stressful.
A large number of companies offer advance payment services to help their employees overcome the financial crisis and alleviate their problems as much as possible.
A paycheck advance is an advance on a future paycheck that employees can get through their employer.
A survey conducted by the American Association of Managers shows that only 17% of Americans can turn to a family member or friend when they encounter financial problems, while the other 83% do not have that privilege, so it is very important that they can count on this type of help from their company.
Keeping track of all advance payments for employees can be a problem for companies that support advance payment.
Manual paycheck advance calculation is a process that requires time and precision, and it can cost you a lot of money if there are any errors in calculation. Asario software is there to make your job easier.
One of the many things Asario has to offer is a payroll calculation feature. As part of that feature, you have the option to create advance payments to your employees.
What are the benefits of paycheck advance feature in Asario?
- Option to add paycheck advance with description for specific employee
- Detailed record of all advance payments for employees in one place
- No need to worry about payroll calculation again because paycheck advance amount is automatically deducted from next employee paycheck in software.