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Timesheets and Payments - All in one Place
Quube can Pay your Contractors
Once timesheets have been gathered Quube can then make payment into your contractor's bank account. No need for separate systems. Timesheet authorisation and payment is all handled online using Quube's integrated service.
Authorising Payments
Most agencies operate a weekly or monthly contractor payment run on a certain day. On your chosen payroll day Quube will take all authorised timesheets and generate payment calculations using one (or a mixture) of the following methods:
- PAYE Payroll Quube can administer your payroll and calculate pay accordingly.
- Umbrella Company Self-billing invoices are created ready for payment to the umbrella company.
- Limited Company Payments Self-billing invoices are created ready for payment to the contractor's company account.
When payroll has been finalised, details are made available online for your agency managers to review and confirm. Payment will then be made by Quube.
Pay Slips and Remittance Advices
Notification of payment can be sent to all contractors via SMS and email. For PAYE contractors their pay slips are made available online and for Umbrella and Limited Company payments remittance advices are sent via email.
Quube's Client Bank Account
Quube operates a dedicated client account where we can hold enough of your funds to cover regular contractor payments. You can either top up the account on a weekly / monthly basis or leave a buffer in the account for less regular transfers. Either way, by leaving it to Quube, you've completely removed the overhead of making hundreds of payments each week.
Managers can view full client bank account transactions with our real-time online statements.
Faster Payments
Quube can make and accept payments using the new 'faster payments' banking system. This means that payments we make will clear into the contractor's own account on the same day that the payroll is authorised for payment. If the contractor's bank is not yet able to receive a faster payments, the funds will clear as usual in 3 working days.
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