Payroll Software Solution Feature List

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Pay Solution has been designed to generate, manage and look after the Employee Details and payroll process of medium to large-scale organizations. This software is capable of marking attendance, calculating various Salary Components, generating Pay-slips (and various other salary reports) according to end User Requirement

Key features of the Software are listed below:
	Salary Calculation according to Attendance
	Up to Nine Fully Customizable Additions and Deductions in addition to the standard Salary Components, {where standard components include: Basic Pay/Wages, DA, HRA, Conveyance, PF, FPF, ESI and LIC Salary
	Multiple Department/Categories for Grouping
	Salary Arrears adjustment
	Totally Customizable Addition/Deduction Rules to encompass
	» Effect of Addition/Deduction {One-time/Continuous/Up to specified Amount} » Mathematical Equation of Standard Salary Components. » Actual Presence/Absence of Employee » Dependencies upon Basic pay/Gross pay » Half days » Weekly Off » Paid Holidays » Overtime Rate » PF & ESI Rate
	Comprehensive Reports: Payslips generation Monthly Salary Statement PF/FPF Statement LIC Statement Bonus Statement Overtime Register Salary Increment with Retrospective Effect Full and Final Settlement Receipt Incentive Statement Legal IT and PF forms e.g. Form24, Form16, Form 6(a), Form 12 etc. You can export the reports to Excel, Word, Text Format, Client Email, ODBC, and HTML. NEW FEATURES 1. EMAIL THE PAYSLIP TO ALL OF YOUR EMPLOYEES 2. ALL COMPONENTS ARE DEFINED IN A DYNAMIC MANNER 3. ETDS 4. FORM 21, 22 and 27 A 5. MANAGE REGULAR EMPLOYEES, DAILY WAGES EMPLOYEES AND CONSULTANTS SEPERATELY 6. MANAGE PAYROLL ACCORDING TO LOCATIONS 7. INTEGRATE PAYROLL WITH TIME ATTENDANCE MACHINE The software provides facility to define salary components according to the requirements of the organization. These can be constant amounts or complex formulas (arithmetic and logical expressions) based upon other salary components. The effect of these salary components (addition/deductions) may be monthly, bi-monthly, quarterly, half-yearly, yearly, or one time. These addition/deductions can be defined for the company level and can be assigned at Employee level, Category level or Department Level. Attendance can be marked daily or monthly. If marking monthly attendance, just the Absences and Overtime Hours need to be provided. The paid-holidays and sanctioned leaves are automatically adjusted to calculate the No. of Present days. If a need does arise, the salary can be Re-calculated after making necessary adjustments in the Salary Heads. The changes are automatically adjusted in the Payslips and related salary reports. Built in Tools are provided for database Backup and recovery in the software. Levels of Security and access rights can be assigned to users (Password authentication). There is a Built in feature to export the reports in various file formats like MS Word, Excel, ASCII, or to email through MS Outlook or Lotus. Now Available Web Based Customize Payroll Software in .Net Technology We customize Payroll Software Solution according to clients requirement.