PAYROLL MANAGEMENT
- It provides auto-fill facility to accelerate the attendance, payroll & employer contributions processes.
- It guarantees an accurate salary processing, employee statutory deductions & employer statutory contributions with the help of predefined processes.
- It provides the facility to create user-defined earnings and deductions pay heads.
- It supports user-defined production units i.e., attendance, production & time based units.
- Our Payroll System has user friendly interface, can be customized as per a business requirement and can be scalable.
- Our Payroll system saves time and lowers the error ratio.
- Computerized payrolls simplify tax processing by computing the data.
- Computerized payroll eliminates the stress of processing all the records.
- Our payroll system will reduce TCO and increase ROI.
- This payroll system will track and maintain all the information of salary transfer.
- Pay As You Earn, Unemployment Insurance Fund (UIF),and Workers Compensation Administration (WCA) are all taxes employers need to deduct from their employees’ salaries.
- Revision of each months salary can be updated in the salary revision option.
- Payupdate screen is the main pay calculation page, where the components, over time, allowance can be edited and finally updated
- Lock unlock screen is for final decision. After all the verifications completed the particular employee can be locked.
- So his pay slip will be viewed in his employee portal.
- A payroll advance journal entry is used when a business wants to give an employee a cash advance of their wages.
- User Definable Loans/Advances (Multiple)
- Automatic recovery of EMI & stops automatically once the Loan amount is totally recovered
- Interest free Loan Perquisites as per Income Tax
- Loan Recovered, Loan Balances & Loans History – Employee wise, Deptment wise , section wise, Designation wise, Brance wise
- A user friendly dashboard shows employee whole month performance, planned leave and Holidays, Absent, Present, Offs records in a glance only. Analyze trends in your salaries and income tax deductions with multiple dashboards on your salary structure, and income tax declarations.
- Input information for all newly joined employees and resign left employees
- Create a new payroll month & Process Salary
- Pro-rata calculations for employees based on Absenteeism
- Process & Print Payslips for groups or for selected employees
- Lock month facility to avoid changes in Processed Data
- The sequence of processing in a payroll run is determined by classifications, such as Pre-tax Deductions and Tax Deductions.
- Flexibility to add or modify any number of Salary Components - Earnings & Deductions
- Taxable & Non Taxable Earnings for Income Tax Calculations
- Calculation based on Attendance
- Monthly or Yearly Payments
- Multiple Reimbursement Components like Medical , LTA & Customizable Reimbursement Components
- Upper limits can be specified – Employee wise or Grade wise
- Annual Limits or Monthly Accruals
- Opening Balance, Entitlement, Amount Reimbursed and Balance amount can be checked
- Bank Transfer Statements can be generated for both Regular, Reimbursement Payments & Supplementary Payments
Arrears calculation for any previous period / Retrospective effect,Monthly Reconciliation - allow us to compare the changes in the pay components from last month to this month or for any number of months.
- A Separate Payslips can be generated for the Arrears Components.
- Overtime Calculation.
- Gratuity, Bonus & Exgratia Calculation.
- Supplementary Payments.
Auto calculations of Exemptions & Deductions and compute income tax payable for the entire year & the tax to be paid this month, Quarterly e-TDS Return as per the NSDL format, Income Tax Projections can be emailed in PDF or any other format provided
- User defined PF Rate of Deduction for Employer & Employee.
- Options to Limit Maximum Salary for PF Deduction, Form 5, 10, 12A, 3A, 6A, Challan & Reconciliation Statement.
- User definable State wise Slab, PT applicability check at Employee Level, Form III & Challan.
- Auto calculation of TDS based on Projections, Income Tax Projections with the options to deduct projected tds from Monthly Salary.