Payroll department in an organization deals with diverse workforce that often has distinctive pay, deduction and taxation needs. In order to meet the unique challenges most of the organizations are finding ways to streamline payroll processes and become more productive.
Payroll management software that can be tailored to your business specific requirements helps define and build earnings, deductions, and taxes that suit your business policies.
The system allows you to customize the general ledger accounting numbers that perfectly match your accounting system and helps create templates to import and export data from other databases. Based upon your requirement you can easily establish a set of rules and determine the payroll processes, calculations, and results.
Payroll calculation is a complex process and it takes a lot of time. With this application you can create sophisticated calculation rules and formulae, and regulate earnings and deductions processes according to your company rules. The software supports multiple earning types such as base pay earnings, premium pay earnings, and tax only earnings.
Payroll department should stay up to date with the changing tax rules and file taxes in a timely manner. The regulations are ever-changing and any mistakes and missed deadlines can result in huge fines and penalties.
The software reminds you about the important due dates and maintains payroll tax compliance by making timely tax payments and filings. The system automatically updates standard and supplemental tax tables and makes it simple for you to manage compliance.
With all the payroll data at your fingertips you can easily perform advanced analyses and reporting that help your business meet strategic objectives. Payroll management software ensures accurate, timely payroll process and reduces the cost of processing payroll.
The accuracy and speed of this software solution eliminates the need for your payroll team to work overtime.
