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Payroll
is a software that is specifically developed to be used in an organization
to manage wages and payments of each and every employee.It encompasses
every employee of a company who receives a regular wage or other
compensation.It also entails employees who may be paid a steady
salary and also those who are paid for hours worked or the number
of items produced.
The software is designed such that it's easier to use and covers
each and every detail you want to be included.it will automate many
of the most difficult tasks an organisation undergoes and offers
a lasting solution through the growing line of other programs which
seamlessly integrate with our payroll.
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Key
benefits of Payroll |
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Save Significant Time in processing of employees salaries
• Avoid Hassles and Frustration to any financial inconvience
• Properly Manage Information
• Provide quick & easy Services
• Become Organized and Efficient
• Have a paperless Firm
• Print Computer Generated Forms & reports
• Maximize employee production
• Thoroughly Analyze employees wages and deductions
• Track each and every Single Transaction made to any employee
• Cost less than other systems
•Excellent Security – Provides several user levels who
has acces to system |
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Features
of a Payroll |
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System security - Ability to set up multiple users who may
have limited access to specific functions or forms within the program.
Each user will have their own password to gain access when they start
the
program.it also allows changing of passwords by the user any time
they want |
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1. |
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2. |
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Database Params- to enhance security it allows the user to
set database parameters for the system so as once set the user is
not supposed to alter them |
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3. |
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Employee
Deductions:This allows the user to enter the deductions that
the staff is entitled to. |
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Employee
Earnings:The module allows the user
to enter any other earning of an employee other than basic salary |
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Relief:
Allows user to enter or choose employees tax relief |
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Employee
Maintenance: The module allows user
to add new employee into the list and also through the module an employee
can be removed from the system |
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Pay
Groups: This helps to categorise different groups employees
according to the job type and also difference in salaries they earn |
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Employee
status: Specifies the status of different employees in a
company.This can be deceased,leave,study leave,deserted or even termination. |
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8. |
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Transactions:
Payroll allows processing of different
transations.They include: |
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Recalculate:Allows
recalculation of basic salary incase there was an error in data entry |
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Cash
Payment: Keeps records that the payments made to the employee
was on cash.The module also tracks number of cash payments made over
a certain month |
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Cheque
Payment: Keeps records that the payments made to the employee
was on cheque.The module also tracks number of payments made on cheque
over a certain month |
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Bank
Payment: Keeps records that the payments made to the employee
was by bank.The module also tracks number of payments made by bank
over a certain month |
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Reports:
Payroll can process different reports depending on what every organisation
wants.The major report is payslip which entails netpay of every employee
after all benefits and deductions included. |
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