Products in this category helps simplify the process of paying an organization’s employees for the work they have completed. Typically, payroll management software assists in the task of tracking work hours, calculating salary, allowances and withholdings, generating pay slips and paying taxes to the concerned authority. Other important features to consider include security standards and reporting functionality. Both SMEs and large corporations can use these products to save time on payroll management, reduce costly manual errors, get easy access to payroll data and automate complex tax calculations. Most products are automatically updated to incorporate the latest tax rules and remind the user when to file taxes.