Payroll systems have been designed to serve small as well as big companies for payroll management. Payroll systems provide complete integration with leave and attendance systems that are used by the companies for attendance reports. The attendance reports are used for calculating payroll and also to generate e-returns.
2. About us
We provides bespoke solutions and consulting services
ranging from End to End Payroll administration,
Attendance & Leave management to setting up offices in
India for businesses abroad.
Remunance is all about teamwork and passion. We have
an intense service orientation and culture in our office.
High integrity is at the heart of our values and
philosophy because we believe that we are mandated to
live up to the trust that our clients repose in us. Our
team is our core strength and we lay a special emphasis
on hiring and retaining people who share the same
values that we believe in.
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3. What Is Payroll System?
Payroll systems have been designed to serve small
as well as big companies for payroll management.
Payroll systems provide complete integration
with leave and attendance systems that are used
by the companies for attendance reports. The
attendance reports are used for calculating payroll
and also to generate e-returns.
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4. Payroll Software Pros
Payroll calculations can be completed in a
fraction of the time
Year-end reporting is also usually automated,
and both pay slips and annual reports are
archived in case copies are needed later
Using basic payroll data, together with data on
attendance and hours worked, payroll systems
can provide a wealth of reports.
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5. Time-keeping Transportation
• Allows the employer to import time
clock data into payroll software.
Specifically, the employee uses a swipe
card or badge, or the hand print or
fingerprint method, to clock in and out.
Once the entries are transported into
the payroll software, the software
computes the time worked.
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6. Payment Calculation
The automated system performs all types
of payments: hourly, overtime, double-
time, salaries, commissions, bonuses, pay
raises, retroactive pay, wage deductions,
auto payments and tuition
reimbursements
Notably, the automated system eliminates
manual paycheck writing. The system
automatically generates paychecks and
stubs and enables direct deposit
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7. Deduction Calculation
Salary and wage deductions are a necessary part
of payroll processing
With an automated payroll system, the software
has the tax rates hard-coded in the system. It
calculates the withholding tax for each employee
based on the withholding conditions data input.
This reduces the likelihood of payroll tax errors,
which can result in fees from the Internal
Reporting System and the state taxation agency.
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8. Record-keeping
The Internal Reporting System requires
employers to keep employment tax records
for a minimum of four years
The manual system requires filing the
necessary payroll data by hand, which
consumes time and increases clutter.
Payroll software generates and stores
payroll and employment tax data.
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9. Supremacy Of Payroll Management System
Manage Employee
Information Efficiently.
Define the emoluments, deductions,
leave etc.
Generate Pay-Slip at the convenience of a
mouse click.
Generate and Manage the Payroll
Processes according to the Salary
Structure assigned to the employee.
Generate all the Reports related to
employee, attendance/leave, payroll etc.
Manage your own Security
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