Payroll Overview

The Payroll page in PayPack HRM is the main hub for managing all payroll-related processes and information. This page provides comprehensive tools and features to streamline payroll management efficiently. Below is an overview of each section on the Payroll page:

1. Salary Component List

• Description: The Salary Component List manages different components of an employee’s salary, such as basic pay, allowances, and deductions.
• Features:
  • Create and manage various salary components.
  • Customize components based on the company’s pay structure.
  • Ensure accurate salary calculations by defining earning and deduction elements.

2. Earning & Deduction List

• Description: This section provides a detailed list of all earnings and deductions applicable to employees.
• Features:
  • View and manage earnings such as bonuses, incentives, and overtime.
  • Handle deductions like taxes, insurance, and loans.
  • Automate the application of earnings and deductions for payroll processing.

3. Salary Breakdown

• Description: Displays a detailed breakdown of salaries for employees.
• Features:
  • Analyze each component of an employee’s salary.
  • Ensure transparency in salary computation.
  • Generate reports for auditing and compliance purposes.

4. Salary Process List

• Description: Manages the payroll processing schedule and tracks the status of salary processing.
• Features:
  • Initiate and track salary processing for different pay periods.
  • Ensure timely salary disbursement.
  • Automate payroll calculations to reduce manual errors.

5. Employee Bank Account List

• Description: Maintains a list of employees’ bank account details for salary disbursement.
• Features:
  • Store and manage bank account information securely.
  • Facilitate direct deposit of salaries into employee bank accounts.
  • Ensure confidentiality and compliance with data protection regulations.

6. Salary Structure List

• Description: Defines the salary structure for different roles and positions within the organization.
• Features:
  • Create and manage salary structures for various job positions.
  • Customize salary packages based on company policies.
  • Ensure consistency and fairness in salary allocation.

7. Salary Period List

• Description: Manages the different salary periods, such as monthly, bi-weekly, or weekly payroll cycles.
• Features:
  • Define and manage salary periods.
  • Align payroll processes with the defined salary cycles.
  • Ensure accurate and timely payroll processing.

8. Salary Dashboard

• Description: Provides a comprehensive overview of the payroll process.
• Features:
  • View real-time payroll data and analytics.
  • Monitor key payroll metrics and trends.
  • Make informed decisions based on payroll insights.

9. Tax Settings

• Description: Manages the tax settings and configurations for payroll processing.
• Features:
  • Define tax rates and rules according to local regulations.
  • Automate tax calculations for payroll.
  • Ensure compliance with tax laws and regulations.

10. Monthly Tax List

• Description: Provides a detailed list of monthly tax deductions for employees.
• Features:
  • Track monthly tax deductions.
  • Generate tax reports for regulatory compliance.
  • Ensure accurate tax filing and reporting.

11. Bonus Process List

• Description: Manages the process of calculating and disbursing employee bonuses.
• Features:
  • Define and manage bonus criteria.
  • Automate bonus calculations.
  • Track and report bonus disbursements.

12. Bonus Process Settings

• Description: Configures the settings for the bonus process.
• Features:
  • Customize bonus criteria and rules.
  • Align bonus processes with company policies.
  • Ensure consistency in bonus disbursements.

13. Overtime Report

• Description: Tracks and reports overtime hours worked by employees.
• Features:
  • Record and manage overtime hours.
  • Calculate overtime pay automatically.
  • Generate reports for payroll and compliance purposes.