Payroll Processing

Payroll is the process of calculating and distributing wages and salaries to employees. It involves tracking hours worked, calculating taxes and deductions, and issuing payments to workers on a regular basis. Payroll is an essential function for businesses of all sizes, ensuring that employees are compensated accurately and on time. By maintaining accurate payroll records, businesses can also ensure compliance with labor laws and regulations. Effective payroll management is crucial for maintaining employee satisfaction and retention, as well as for overall business success.

Automating payroll processes can save time and reduce errors by eliminating the need for manual data entry and calculations. By implementing payroll automation, businesses can ensure that employees are paid accurately and on time, while also streamlining the overall payroll process. This can free up valuable time for HR and payroll professionals to focus on more strategic tasks, ultimately improving efficiency and productivity within the organization. With the use of advanced software and technology, payroll automation can also provide greater visibility and control over payroll data, leading to improved compliance and reporting capabilities. Overall, automating payroll can lead to cost savings, increased accuracy, and a more streamlined payroll operation.

Payroll Entries

• Deduction Pay
• Add Back Pay
• Other Income
• Other Allowance

Reports

• Payroll Payslip
• Payroll Summary
• Payroll Allocation
• Payroll Approval Summary
• Payroll Monthly Summary
• Monthly Labor Cost
• Monthly Tax Withheld
• SSS Contribution
• HDMF Contribution
• Philhealth Contribution
• Tax Deduction
• Loans Deduction