Manual payroll processing is a difficult task to arrive the actual payable while considering various parameters of benefits & deductions and that varies for category to category. iBusiness Suite Payroll module is powered for auto generation pay slips, based on the Grade/cadre of each employees after considering the desired the salutatory deductions, advances, leaves etc.
Work Flow Support
Multi Category / Grades Support
Multi Currency Support for Global Operations
Auto Pay slip Generation
Wages/ Salary – Daily / Hourly/ Periodic Support
Accounting for Benefits and Deductions
Leave Deductions and Pay Cuts
Statutory Deductions and Payments
Bank Pay Order Generation
India Practices and Other Country Specific Practices Support
Any statutory deductions like tax/insurance/loans etc can be managed at time of payroll processing.
System allows defining wage categories mapping with cost centers /expense heads, so that you can distinguish various types of payroll expense for internal accounting purposes.
The pay slip is generated after the attendance is marked for that month. ESIC and PF Challans are available at the convenience of a mouse click. The payroll module also manages the Company Holidays. All the reports related to company, employee, attendance/leave, payroll are generated.
Being the attendance / time-office module enabled helps to have proper tracking of work days/ hours. Even it can be automated using proximity/biometric access devices.
Just assign the employee to a salary structure and then you are ready to generate and manage payroll processes with respect to that employee.
Wage categories define the various types of remuneration employees receive as a result of their.
Employment by your company. Wage categories include cash payments paid by the company in the form of salary, wages and other benefits. It is also capable of handling various allowance and special allowance.
The wage calculation supports regular or hourly basis. Wages designated as salary are calculated on the basis of pay periods. If the wage type is hourly, payments are calculated on the basis of the number of hours worked. If the wage type is regular, payments are fixed according to the employee's salary grade.
The MIS (Management Information Reports) are also generated by the module which gives the Management a clear picture about the Payroll and Attendance of the Employees.