Employee Payroll Management Software – PHP HR Payroll
Payroll is a list of employees who get paid by the company. Payroll management also refers to the total amount of money employer pays to the employees. Payroll management system concept used in many organization, where they have to manage employee, worker detail, manage leave and salary. A payroll management system involves everything that has to do with the payment of employees and the filing of employment taxes. This system includes calculating wages, keeping track of hours, withholding taxes and other deductions, printing and delivering checks and paying employment taxes to the government. Any business with employees should have a payroll system established; payroll management is often the largest expense for a business. An effective and efficient payroll process will ensure that employees are paid accurately and consistently, keeping them satisfied with this aspect of employment and allowing Human Resource to focus on other areas.
Payroll management often requires very little input from the employer. The employer is required to input employee wage information and hours—then the software uses the information to perform calculations and deduct withholdings automatically. Most payroll management software is automatically updated whenever a tax law changes and will remind employers when to file various tax forms. Payroll management are often cost effective for your business. They tend to be cheaper than hiring a staff accountant.
Payroll management Application has been designed to for the purpose of maintaining details of various allowances and deductions that need to be given to the employees of the organization. Also, it generates the Payslip of the employees of the organization that assists the accounts department in many ways. Payroll management is used to maintain the Employee details of the organization or concern in different places; this provides each employee details with unique information.
Using payroll management software can help you eliminate errors in your payroll system. Payroll software solve accurately all calculations for you. The main concept of payroll management system is manage employee detail, manage leave, Generate monthly salary, Extra Allowance and Deduction. Administrator is responsible for operate whole system. Admin has rights to Add new Employee, Each employee has a unique username and password to login in to system. After login in to system all employee can apply for a leave and see personal data. The administratot can check leave and he can approve and reject employee leave. According to approve leave the leave deduction will be deducted from salary.
At the time of generate salary we can manually set any types of allowances like- Travel Allowance, Medical Allowance and Calculate HR and DA. Administrator can add, modify and view Employee Report, Leave Report, month wise salary report, year wise salary report, Employee wise salary report. We have use crystal report for generate payslip of employee.
Payroll system is a business-critical operation for every company. You must pay your staff accurately and on time to avoid low morale, bad performance and possibly even reputational and legal difficulties. A good computerised payroll software can help you carry out your pay run with greater speed, efficiency and confidence.
Most payroll system can integrate with another accounting or Human Resource system, which can be highly beneficial and desirable. Like- time tracking integration can automatically import employee hours from payroll system into a HR system. Expense integration can help you automatically synchronize expenses with payroll system. This helps to minimize the need for duplicate data entry, and allows you to streamline processes and prevent errors.
Payroll management software can do many pay-related calculations. However, you will still need to input and maintain certain record for each of your employees. Payroll software is also produce payslips for your employees and produce payment reports to allow you to pay employees, showing the amount to be paid to each employee.
