Accounting Connect
The Accounting Connect feature helps to integrate your payroll data into your accounting system(s). Gone are the days where you had to manually extract and format data from your payroll system to create journal entries that fit your general ledger structure in your accounting systems. Accounting Connect automatically creates outputs out from your payroll systems that map directly to the data format and structures of your accounting systems to make it easy to integrate your payroll data into your accounting system. In line with Payzaar’s overall design mentality, the functionality has been built to be configurable and interoperable so it can support different payroll systems and accounting systems.
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Time-Saving Automation
Instead of manually creating general ledger (GL) journal entries from your payroll data, Payzaar automatically generates the GL journal entries, saving you many hours of time each month.
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Real-time Data Flows
Since the generation of journal entries is fully automated, payroll data can be posted to the accounting system the moment payroll is run, eliminating delays in providing the Finance & Accounting team with important information.
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Control and Scalability
Payzaar gives you a consistent, reliable way to map your payroll data across all countries to your accounting system, centrally governed and controlled. You no longer need to rely on local payroll teams and external partners to do the mapping for you, and worry about data consistency and accuracy.
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Error Reduction
By automating the creation of GL journal entries and further minimizing the need for human intervention, you reduce the potential for unintentional errors or fraudulent manipulation.
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Configurability
Payzaar is highly configurable and can work with any local payroll tools and accounting systems, eliminating the need for bespoke solutions. The general ledger structure is completely flexible to accommodate your specific needs.
Learn more about our other solution capabilities by clicking on the pillars below:
Operations Control
Data Import
Data Validation
Reporting and Analytics
