PAYROLL MANAGEMENT SYSTEM
OXYOPIA Payroll System is very simple, flexible and user-friendly Payroll Management software especially for INDIA that takes care of all your requirements relating to accounting and management of employees’ Payroll. OUR Payroll System stores complete records of the employees, generates Pay-slips and Attendance Register, Computes all allowances and deductions and generates all Statutory and MIS reports. Our Payroll Software is developed to calculate employee's accounts, payments, & maintains the employee's registers. As you know, it has become very difficult in industries & big companies. The employer has to look upon on employee's salary, which depends on its Zone, Skill, & the field where he comes from. Apart from this he also has to look upon on all the taxes levied, accordingly deductions to be made, as per the government's rule. All these calculations & accounting, doing manually have been hectic for years, above all the calculation is made on the number of days, the employee is present. All this is a long process; it consumes lots of time, you have to also be accurate, a minor mistake can be a big loss. Either you take so many days just for the calculation of the salaries of so many employees, or you go to a company, who deals for you this calculation. But then it does not become economic, as you have to accordingly pay commissions to these companies, as per their charges. Our Payroll System offers very high flexibility in defining various allowances, deductions, leave rules etc. for the employees and all formula for P.F, E.P.F., E.S.I.C., Income Tax etc. are definable and changeable at User's end. The process of the salary calculation and attendance markup of the employee is easy to understand and use. We divide and give you various options for the various standards of the employee, to how an employee's salary from "Basic Salary" to the "Take Home Salary" is calculated. The salary calculation process is given below of each of the employee:- Basic salary (based on Skill & Zone) Earned salary (Basic Salary + no. of days present + Dearness Allowance) Gross Salary (Earned Salary + Increments & Allowances) Total Deduction (The taxes, loans, advances, P.F, E.S.I.C, T.D.S, etc.) Take Home Salary (After the allowances added to the Earned salary & deduction made). (Gross salary, will be the actual "Take Home Salary" of the employee). Payroll software allows organization to generate pay slips and salary register, based on the attendance of the employees taking care of leaves, overtime, allowances, loans and other standard deductions like P.F, E.S.I.C, Professional Tax, Income Tax etc. You just have to assign the employee a salary structure and you are ready to generate and manage payroll processes with respect to that employee. Also, Generic Solutions Payroll System provides the end user to have the flexibility to create his own salary structures and salary formulae in its Generic Solutions.
The calculations will become easier with the Payroll Software, but again making the payments of so many employees manually is a time consuming process. Generic Solutions Payroll System provides full functioned and reliable payroll for an unlimited number of employees. Its ability to integrate with several all-in-one accounting packages gives small Generic Solutionses an option to reduce costs and break away from the forced annual accounting software upgrade typically required for maintaining payroll within those products.
MAIN INBUILT FEATURES:-
- Tracks the record of each Employee's details.
- Tracks and records vacation/sick days and calculates overtime.
- Handles many different types of leave.
- Processes Employee's Payment, according to the days,
month or the year required.
- Generates pay slips of each employee.
- Calculates each Employee's salaries on the basis of their attendance.
- Calculates each Employee's salaries on the basis of their increments on the basic salaries.
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