Startup founders face payroll errors
11 posts across 9 communities in the last 90 days; 18% from r/SaaS.
“You cant get early pay if the payroll file isn't sent by the employer on a regular and consistent basis.”
“at least you owned it and learned from it, that counts for more than most people give credit. payroll mistakes happen to everyone once, the important part is you wont repeat it [re: Payroll woes..... well, I figured it out.]”
“I work for a small startup company that has been having serious financial problems recently. My salary is 7 days overdue, and when I initially asked management about it at 4 days out, I was told I would receive an update later that day, but that update never came. I eventually…”
Small business owners are making mistakes with payroll, leading to significant administrative issues and potential financial penalties. They need better systems or processes to ensure timely and accurate payments.
SOURCES (12)
“at least you owned it and learned from it, that counts for more than most people give credit. payroll mistakes happen to everyone once, the important part is you wont repeat it [re: Payroll woes..... well, I figured it out.]”
“I learned this the hard way. Revenue doesn't tell you when cash is about to become a problem. Payroll commitments, upcoming expenses, delayed receivables and small recurring leaks quietly change the runway. I'm building a tool that tries to answer one simple question: "What financial problem is likely to hit me next, and what should I do about it?" submitted by /u/FlowdenSam [link] [comments]”
“I work for a small startup company that has been having serious financial problems recently. My salary is 7 days overdue, and when I initially asked management about it at 4 days out, I was told I would receive an update later that day, but that update never came. I eventually contacted the DOL for guidance and was told to continue working normally for the time being while giving my employer a short deadline to resolve the outstanding pay. I have continued doing my job, have not resigned, and ha”
“I work for a small startup company that has been having serious financial problems recently. My salary is 7 days overdue, and when I initially asked management about it at 4 days out, I was told I would receive an update later that day, but that update never came. I eventually contacted the DOL for guidance and was told to continue working normally for the time being while giving my employer a short deadline to resolve the outstanding pay. I have continued doing my job, have not resigned, and ha”
“Title says it all. TLDR: hired last month for compliance role at a startup - have not been payed & passed statutory deadline (IL). CEO is not moving with the urgency required. But I and everyone else needs to get paid fr IN THIS ECONOMY? Ik I can do a claim but it’s about the timing so that still doesn’t help. I’ve been authorized and have been trying to clean up the mess this weekend by securing small business loans tho ofc the owner’s personal credit is trash and no revenue. Worst part is”
“I used to pay someone to do my payroll. Why? Because payroll felt too complicated and too easy to get wrong. Every pay period meant sending employee information back and forth. Hours worked. Overtime. Deductions. New employees. Salary changes. Then, I had to wait for everything to be calculated and the payslips prepared. And if something changed? More messages. More waiting. More work. I kept thinking: Why should running payroll still feel like this? So, I started building Sheetpay. The idea was”
“There's a reason payroll is almost always a 'buy it' solution when it's something you have to integrate with. Imagine it like 'What if we made our own scalpels?' came up during a planning meeting for a new hospitals.”
“I've been handling payroll long enough that most weeks are pretty routine but every once in a while something comes up that doesn't fit the normal process and that's when you really find out how good your provider is. Had one of those situations recently and what should've been a quick fix turned into way too much time trying to get a clear answer from the right person. Payroll still had to go out so waiting around wasn't exactly an option. I used to care way more about featu”
“Running a business is so hard. More challenging than ever. Be gentle on yourself.”
“You cant get early pay if the payroll file isn't sent by the employer on a regular and consistent basis.”