This is a Comprehensive System which enables users to run the company’s payroll in the most effective way, based on the company’s requirements.
The System is structured in such a way that enables users to define all the Payroll parameters according to exact Company needs.
The System also enables users to adapt to the rules and regulations issued by the Government Agencies & Unions from time to time.
Overtime Types – Overtime Types are user-defined (1:1,1:5,1:2)
Up to 5 user-defined overtime codes. (E.g. Sunday, Saturday, Day, Night etc)
Type of Companies – The System can handle the following type of business:
Hourly Rate Decimal Points – The System handles hourly rate decimal points (2,3,4) for more accurate calculation of the overtime amounts and other values related with hourly rate (shift allowance).
Increment Rates – The System Handles the Basic Increment Rates Table defined by the Government or the semi-government organizations.
Interfacing – It can Update the Payroll transactions to the General Ledger in a different company than the payroll company.
It can also update the General Ledger in different posting period than the Payroll period.
The Payroll System has an On-line Posting facility with our Financial Management System, and if the customer does not have our Financial Management System, it can issue a Journal Listing for the user to enter the transactions manually into any other Accounting Package.
It also has On-line Posting facility with our Provident Fund System, and On-line Posting facility with our Job Costing System, either based on employees actual cost or on a user define standard cost rate for each employee.
The Payroll System can also interface with Time Attendance machines.