In-House Payroll
Savings Calculator
Your Payroll. Your Rules.  

Have you ever looked at the true cost of outsourcing your Payroll in Canada?

You might be shocked by the amount of time and money you’re handing over to your provider for work you’re already doing yourself. If you’re currently outsourcing your payroll, you probably aren’t aware of the value in-house payroll processing can bring to your organization. Going in-house gives you more control, saves you money on lost interest and cashflow, and gives you breathing room. Wouldn’t it be nice to have a few extra days to complete your payroll remittance each cycle?  

For a closer look at what your outsourced payroll is costing you, try out our helpful In-House Payroll Savings Calculator.

We’ve based our numbers on averages we see in the industry, but everyone has different situations and costs. Enter your own values to get more personalized results.

Manage your cashflow by keeping your money in-house longer

Days you get back to ensure an even more accurate pay

96
Timing & Cash Flow
Calculate the number of extra days you get to do payroll and keep your money.
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Number of days in advance of payday you submit payroll to your provider

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Number of days in advance of payday you submit payroll funds to your provider

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Number of pay periods in your calendar year

Average Net Payroll per pay period

$1,000,000

Your Lost Interest Amount:

$1,972

Payroll Providers Profit

$6,575
Interest & Float
Calculate the interest your company could make holding your cash longer and how much outsourced providers earn holding your money.
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Your average net payroll per pay period

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Interest rate you make on your money

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Your payroll provider’s interest rate earned on your funds

Extra Hours Incurred:

7.5

Extra Charges Incurred:

$3,575

Accumulated Late Fees:

$2,500
Extra Charges
Calculate how much in extra charges you’re paying to your outsourced provider.
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Percentage of pay runs with at least one correction

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Percentage of off-cycle pay runs, terminations & ROEs

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Off-cycle base charge per pay run

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Per-employee off-cycle charge per run

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Hours spent per off-cycle run (phone call, email, paperwork)

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Average number of off-cycle re-runs

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Custom report setup fee

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Custom report run charge

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Custom report runs/year

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Average late submissions per year

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Fee for late submissions

Explore The Benefits of In-House Payroll

Stop letting your payroll system manage you. It's time to manage your payroll instead. This guide will help you build a strong case for making the move to in-house.