Hiring employees adds new record-keeping responsibilities. Payroll is not just a monthly payment; it is a set of records that need to be accurate and reviewable.
Payroll records to keep
- employee name and contact details
- gross pay
- deductions
- employer costs
- pay period
- payslip copy
- accountant notes
Payslips
Employees should receive a clear payslip showing pay and deductions. Keep PDF copies and monthly summaries so your accountant can review payroll costs.
Payroll and profitability
Payroll affects cashflow and project margins. If staff work on jobs, link costs to projects where helpful.
LedgerlyPro's subscription includes payroll records, PDF payslips, monthly summaries and accountant exports. It does not submit RTI to HMRC.
See pricing or download the starter toolkit.
