Payroll Accounting SoftwareThe payroll accounting system is as popular as outsourcing. Payroll software is now bundled with the accounting software that is quite inexpensive. More comprehensive system that can be used for a large number of employees are more expensive but cost effective solutions for a large entity. A fully automated process reviews and verifies hours worked by the employees and changes made by them, which is followed by processing and printing of payroll reports, filing of direct deposit information, payroll taxes and the distribution of paychecks. Payroll software can be customized as per your requirements. Following are some of the tasks made simpler by the payroll software - DATA BANK - Maintaining of data bank as per functional requirement. INDUCTION - Store Complete Information of the Candidate along with Photographs and Thumb/Signatures. TRAINING - Define the type of training to be done by the candidate, Store and Query of type of training done or due . UNITS/MULTIPLE OUTLETS - A unit with more than one outlet and the profile for that outlet such as ESI, PF, welfare fund and applicable taxes can be defined by this software. Temporary and permanent staff definition Facility to make salaries on Days and Hourly basis simultaneously. Keeping track of employee movements across Units/Outlets. Facility to generate wage sheets unit wise or combined in case the employee works in more than one unit, store or outlet. Monitoring attendance on a daily basis and processing the same during the month end at the base salary processing unit using the slave module in each outlet. Wage sheets and pay slips unit wise and outlet wise. Arrear salaries manager - Arrears for PF, ESI, and those which does not effect PF or ESI. Multiple Banking. Salary paid by cash/cheque/draft or bank transfer. Automatically created advance ledger and advance recovery manager. Reports on given, recovered and pending advances. Overtime management on a separate sheet. Reimbursing of facilities like newspaper allowance, driver salary, uniform, car allowance, entertainment, soft furnishings, etc. Leave Management - Auto updating of earned, medical, casual leave, etc. Promotion Manager - Tracking promotion as per the set parameters set by the company. List of promotions due for a month, etc. Reports on special occasions like birthdays, anniversaries, exemption list for PF and ESI, salary certificate, final settlements, leave encashment, LTA lists, for employees, storewise employee list, etc. Salary History Manager - Updating of manual salary if made Extensive salary history query for employee, stores etc. |