HR accounting is an integral part of the operations of any business. All companies must maintain HR records and perform monthly payroll accounting for its employees.
Accountants are responsible for the payroll and calculate holiday, travel and sick pay, taxes and insurance premiums, and report to public pension funds. Accountants are often entrusted with maintaining HR records.
Not every accountant has the required knowledge base and experience in HR, and so companies are increasingly outsourcing their HR accounting and payroll services. This helps companies cut costs, streamline the accounting department and guarantee the qualified and professional provision of all such services.
The VALEN team has extensive experience in HR accounting and can provide a full range of services related to HR records and the payroll.