Payroll is the total of all compensation a business must pay to its employees for a set period of time or on a given date. payroll specialized firms that handle pay check processing, employee benefits and insurance, and accounting tasks such as tax withholding.
Payroll can also refer to the list of employees of a business and the amount of compensation due to each of them. Payroll can differ from one pay period to another because of overtime, sick pay, and other variables.
Payroll is the process of paying a company's employees, which can include the tracking of hours worked, the calculation of employee's pay, and the distribution of payments via direct deposit directly to their account or by check. However, companies must also perform accounting functions to record payroll, taxes withheld, bonuses, overtime pay, sick time, and vacation pay. Companies must also put aside and record any amount of money to be paid to the government for Medicare, Social Security, and unemployment taxes.
HR & Payroll you can process and reprocess payrolls while taking care of all statutory norms, make salary adjustments, LOP calculation, arrears payment,bonus/incentive payments and manage other pay elements.
Manage Employee Details
Easily create employee profiles and manage the information. This includes detailed employee time tracking, setting salary levels, adding bonuses and managing custom deductions.
The Leave Management module helps to maintain both manual credit and debit entry of leaves and update current balance of leaves. It can also keep a track of leave encashment and consider excess leaves a loss of pay.
Time and Attendence
Attendance Management allows to effectively monitoring employee activity. It allows you to create attendance groups, monitor attendance status, record attendance as per shift settings and configure shift settings as per your requirements. You can also import punch records from external sources.
Payroll transactions are automatically posted to your general ledger. No more errors when transcribing data.
Tax tables are automatically kept up-to-date, so you will always remain compliant without having to think about it.