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Whether you are looking to buy a payroll software or outsource payroll, there are some basic features that you should be looking for, which are listed below.

Tax deductions: It is absolutely imperative that the solution you buy has the tax details for your area. Trying to customize a solution that is made for tax details from another area can be quite tedious and often fraught with risk.

Special pay conditions: The payroll system should be able to accommodate special payment requirements such as additional allowances or wages depending on shifts, overtime payments etc.

Preparation of standard forms and reports: It will help not only the employee but also the company to have a payroll system that takes care of compliance and conformance requirements with government regulations, and automatically generates the necessary forms for employees.

Scale: Can the payroll software scale up to cater to a large number of employees? This becomes an important consideration when buying an online payroll processing service or a managed/outsourced solution.

Besides these must-haves, you should evaluate whether the payroll software has additional capabilities such as automatic bank transfers, generation of customizable reports for both employees and management, as well as the need for integration of data from the payroll system with the company's other systems such as an accounting package or an ERP system. Automating this data integration will be quite important, else it could mean a significant drain on a company's resources.