Importance of the Best Payroll Management Software
Payroll Management Module is very important task done by HR department and reasons for its importance are mentioned below:
1. Payroll in Advanta Witty is very user-friendly and easy to use without any expert training required.
2. It eliminates manual data entry and cost saving product.
3. Payroll module takes less time to generate salary.
4. With Single click of the mouse, you can see entire details of staff like their attendance, leaves, working hours, increment, etc.
5. You can also see the details of employees for the addition and deduction.
Payroll Management module of Advanta Rapid ERP
Staff Payroll and Salary processing Software comes with Advanta Rapid ERP school management system, college management software, and institute management software. This module is benefited for schools as it reduces paperwork to maintain records and also requires less time for generation of payment and reports. Payroll module will store the data and will help to generate salary along with perks accurately. Payroll maintains records for leave status (casual leave, half day leave, full day leave, etc) for employees and department wise. You can also maintain a list of holidays in payroll module. This module helps you to take care of monthly pay and allowances by calculating the number of days present in the office as well as authorized leave is taken by the staff.
Salient Features Payroll Management Software
Staff Payroll Management System is very important task done by HR department and reasons for its importance are mentioned below:
1. Defining Earnings and deduction structure
With Advanta Rapid ERP, payroll module helps to define and maintain records for employee’s earnings, deduction at source, employee’s contribution
2. Calculation of Basic-Pay on Attendance
Payroll module in Advanta Rapid ERP marks the staff attendance within the software, which helps to frame basic salary on the basis of their attendance marked and which avoid any duplicity of any benefit or deduction done for staff.
3. Defining leave structure
In Advanta Rapid, you can easily define leave structure for staff like casual leaves, half day leaves, etc and also define a total number of leaves allotted for a particular session like 10 casual leaves for 1 academic year.
4. Carry forward of PF and Salary to bank accounts
Payroll modules calculate salary for staff after defining all the additions and deductions and is carry forwarded to their bank account directly.
5. Generating Pay Slips and reports
In Advanta Rapid ERP, you can generate all the reports related to payroll and pay slips with a single click.
6. Creation of Holidays and Bonus settings
You can define holidays, bonus or any other perks criteria in Advanta Rapid Payroll module.
7. Defining working hours structure
You can also define a total number of working hours spent by staff on a particular day, in case any staff has done over time that record is also maintained in Advanta Rapid ERP Staff Payroll and Salary processing Software.
Complete Payroll management workflow
Step 1: Payroll Configuration
Departments (teaching, non-teaching, accounts, etc)
Designation (accountant, manager. Developer, receptionist, etc)
Salary Heads (DA, HRA, PF, ESI, etc)
Salary Structure (addition, deduction to basic salary)
Leaves (full day leave, half day leave, casual leaves, etc)
Leaves Structure (no. of leaves allowed throughout the session)
Banks (name of the bank for salary generation purpose)
Holidays (summer vacations, winter vacations, Diwali holidays, Christmas and New Year holidays)
Arrears (kind of benefits given to staff)
Termination, rejection, confirmed status of employees
Overtime calculation settings
Step 2: Staff Salary Generation
Loans and Advance Payment
Loans and Advance Receipt
Bonus and Statutory Payments
Leave Adjustments or Encashment
Monthly Salary Adjustment
Staff Salary and Arrear Processing
PF Account Settlement
Bank Transfer Letter
Employee Full and Final Settlement
Step 3: Reports
Leave Summary/ Ledger
Monthly Salary Register
Department/ Employee wise salary Summary
Advance (Advance register details, receivables)
Loan (Loan statement, receivables)
PF Reports (monthly PF, PF Register, Form: 3A, 6A, 12A 5, 10)ESI Register (ESI Register, month wise ESI register/ Summary, Form 5, family details)
Monthly TDS Register
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