A payroll management system optimizes the process of paying salaries to employees or staff. In a school, payroll calculation involves both teaching and non-teaching staff. The topmost responsibility of the payroll department is to ensure that all employees are paid accurately and on time, with the correct bonuses and deductions.
Administrators define the salary structure, including basic salary, allowances, deductions, bonuses, and benefits.
The system automates payroll processing, calculating salaries, deductions, and net pay based on a predefined salary structure and attendance data. It generates payroll reports and payslips for each employee.
The system calculates taxes and other deductions based on tax laws and employee declarations, ensuring compliance and generating tax reports.
After processing, the system directly deposits employee salaries into their bank accounts. It generates electronic payment files and provides payment confirmation.
The system manages employee expenses and reimbursements for approved expenses such as travel, training, or supplies. It ensures timely processing and reimbursement of expenses according to the school's policies.
The system generates various payroll reports for compliance purposes, including summaries, tax reports, year-end statements, and regulatory filings. It ensures accurate record-keeping and legal compliance.