Employee Payroll Software

Today there is an increased need for the human resources department of organisation to play a strategic role. This involves focussing on employee satisfaction, ensuring productivity and generating appropriate reports so as to aid the top management in its decision making. Therefore, HR must no longer play an administrative role. In order to ensure this, time consuming functions such as employee payroll processing must be automated. Employee payroll software helps in doing so.

Employee payroll software is a very simple, flexible and user-friendly software for payroll management. It manages of all the requirements relating to accounting and control of employees' Payroll. It stores all records of the employees, generates and helps print out Payslips and Attendance Register. This software also gives the provision of computing all deductions and allowances and generating MIS reports.

Different kind s of allowances, deductions and leave rules can be defined while using this software. Thus, it provides for a great deal of flexibility. Also, formulae for P.F, F.P.F., E.S.I.C., Profession Tax, Income Tax etc. can be defined at the user's end.

Manual calculation of leave is not required anymore. The employer can every employee's predefine annual leave available. He can define it in terms of total leave for a year or monthly incrementbasis.

A variety of leave management options are possible like medical, privilege , casual and others. Changing the leave set up according to the grade the employee belongs to, is also possible. Monthly increment of leave can be made done on pro-rata basis of days present. With prior setup of maximum leave, automatic leave balance calculation with carry forward to the next year.

The employee payroll software allows the employer to generate a leave history report for every employee.

This software also provides a report writer. The report writer is in built. Besides all the statutory reports and monthly pay slips, payroll sheets and other standard management reports, the employer can generate his own customized reports by selecting many of the fields within the reports. conditional reports can also be generated according to the needs of the user.

The employee payroll software also allows for arrear calculation. It automates the whole process requiring no human intervention saving a huge amount of time. Rules can be set up for each allowance and deduction whether they have an impact on arrears or not.

It is thus evident that the employee payroll software is a very useful tool for any HR professional.