{"id":1060,"date":"2019-02-21T10:46:14","date_gmt":"2019-02-21T10:46:14","guid":{"rendered":"http:\/\/www.timelabs.in\/blog\/?p=1060"},"modified":"2024-03-30T05:56:36","modified_gmt":"2024-03-30T05:56:36","slug":"why-using-india-payroll-software-is-more-effective-than-spreadsheets","status":"publish","type":"post","link":"https:\/\/www.timelabs.in\/blog\/why-using-india-payroll-software-is-more-effective-than-spreadsheets\/","title":{"rendered":"Why Using Payroll Software Is More Effective Than Spreadsheets in India?"},"content":{"rendered":"<p style=\"text-align: justify;\">In today\u2019s cut-throat business world, it\u2019s all about efficiency; especially when it comes to processing payroll. Automated payroll management through <a href=\"https:\/\/www.timelabs.in\/Payroll-Software\" target=\"_blank\" rel=\"noopener\"><strong>payroll software in India<\/strong><\/a> is far better than using spreadsheets. Not just as a usage model or because of its functionalities. Payroll software not only saves times and manual effort, but it ensures you\u2019re compliant with labor laws.<\/p>\n<p style=\"text-align: justify;\">When it comes to payroll processing, here are a few reasons why payroll software is more effective than spreadsheets:<\/p>\n<p style=\"text-align: justify;\"><strong>Prevents Human Mistakes<\/strong><\/p>\n<p style=\"text-align: justify;\">This is the elephant in the room! Generic, manual tools like spreadsheets enable inadvertent errors into payroll processing. These mistakes arise from simple data entry errors, formula errors, copy-paste mistakes, etc.<\/p>\n<p style=\"text-align: justify;\">By introducing automation into payroll calculations, you reduce the scope of error by a large margin.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.timelabs.in\/blog\/wp-content\/uploads\/2019\/02\/India-payroll-software.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.timelabs.in\/blog\/wp-content\/uploads\/2019\/02\/India-payroll-software.jpg\" alt=\"India-payroll-software\" width=\"676\" height=\"338\" \/><\/a><\/p>\n<p style=\"text-align: justify;\"><strong>Handles Complex Calculations<\/strong><\/p>\n<p style=\"text-align: justify;\">Figuring out statutory deductions like PT, PF, TDS and ESI are complex. And as your company grows, there will be changes in these criteria, not to mention when changes occur in labor laws. Not staying updated with these changes can land your company into much legal turmoil. Besides, using a generic program like Spreadsheets to compute deductions is virtually impossible.<\/p>\n<p style=\"text-align: justify;\">Payroll software handles these changes quite easily. All types of calculations are handled seamlessly, giving you an accurate output every time!<\/p>\n<p style=\"text-align: justify;\"><strong>Smooth Payroll Workflow<\/strong><\/p>\n<p style=\"text-align: justify;\">The task of payroll processing is all about creating a smooth workflow. There are a series of steps in each succession. If mistakes occur, a chink is created in this workflow which can not only affect calculations but also in the timely generation of pay slips. One cannot manage a payroll workflow with Excel.<\/p>\n<p style=\"text-align: justify;\">With payroll software, troubleshooting for errors is very easy, enabling you to restore your workflow!<\/p>\n<p style=\"text-align: justify;\"><strong>Generating and Distributing Payslips<\/strong><\/p>\n<p style=\"text-align: justify;\">If you\u2019re using Excel, you\u2019re probably manually generating all your payslips. While this is permissible with a staff roster of two to three individuals, this is virtually impossible and futile if your company is growing.<\/p>\n<p style=\"text-align: justify;\">With payroll software, you no longer have to design and print payslips. You can choose from pre-built templates or even format your own. With a template, you don\u2019t run the risk of leaving out a particular field. It also gives you the freedom of custom designing payslips to suit your company\u2019s needs. In addition, you can easily mail out payslips to respective employees via email.<\/p>\n<p style=\"text-align: justify;\"><strong>Report Generation<\/strong><\/p>\n<p style=\"text-align: justify;\">Spreadsheets does not offer report generation capabilities; so companies still relying on this old system have to manually create reports and charts for presentations to senior management. These charts and reports are often created to show bonus calculations, SIF files, CTC-wise employee breakup, etc.<\/p>\n<p style=\"text-align: justify;\">Payroll software easily enables data collation into any report or chart format. You can automate report generation with our payroll software for each month, without regular manual intervention.<\/p>\n<p style=\"text-align: justify;\">Need more reasons to consider payroll software? Contact <a href=\"https:\/\/www.timelabs.in\/Payroll-Software\"><strong>TimeLabs<\/strong><\/a> today!<\/p>\n<link rel=\"stylesheet\" href=\"http:\/\/blog.timelabs.in\/wp-content\/plugins\/elementor-pro\/assets\/css\/widget-share-buttons.min.css\">\n\t\t\t\t\t\t\t\t<svg viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M504 256C504 119 393 8 256 8S8 119 8 256c0 123.78 90.69 226.38 209.25 245V327.69h-63V256h63v-54.64c0-62.15 37-96.48 93.67-96.48 27.14 0 55.52 4.84 55.52 4.84v61h-31.28c-30.8 0-40.41 19.12-40.41 38.73V256h68.78l-11 71.69h-57.78V501C413.31 482.38 504 379.78 504 256z\"><\/path><\/svg><br \/>\n\t\t\t\t\t\t\t\t\t\tFacebook<br \/>\n\t\t\t\t\t\t\t\t<svg viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M459.37 151.716c.325 4.548.325 9.097.325 13.645 0 138.72-105.583 298.558-298.558 298.558-59.452 0-114.68-17.219-161.137-47.106 8.447.974 16.568 1.299 25.34 1.299 49.055 0 94.213-16.568 130.274-44.832-46.132-.975-84.792-31.188-98.112-72.772 6.498.974 12.995 1.624 19.818 1.624 9.421 0 18.843-1.3 27.614-3.573-48.081-9.747-84.143-51.98-84.143-102.985v-1.299c13.969 7.797 30.214 12.67 47.431 13.319-28.264-18.843-46.781-51.005-46.781-87.391 0-19.492 5.197-37.36 14.294-52.954 51.655 63.675 129.3 105.258 216.365 109.807-1.624-7.797-2.599-15.918-2.599-24.04 0-57.828 46.782-104.934 104.934-104.934 30.213 0 57.502 12.67 76.67 33.137 23.715-4.548 46.456-13.32 66.599-25.34-7.798 24.366-24.366 44.833-46.132 57.827 21.117-2.273 41.584-8.122 60.426-16.243-14.292 20.791-32.161 39.308-52.628 54.253z\"><\/path><\/svg><br \/>\n\t\t\t\t\t\t\t\t\t\tTwitter<br \/>\n\t\t\t\t\t\t\t\t<svg viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 32H31.9C14.3 32 0 46.5 0 64.3v383.4C0 465.5 14.3 480 31.9 480H416c17.6 0 32-14.5 32-32.3V64.3c0-17.8-14.4-32.3-32-32.3zM135.4 416H69V202.2h66.5V416zm-33.2-243c-21.3 0-38.5-17.3-38.5-38.5S80.9 96 102.2 96c21.2 0 38.5 17.3 38.5 38.5 0 21.3-17.2 38.5-38.5 38.5zm282.1 243h-66.4V312c0-24.8-.5-56.7-34.5-56.7-34.6 0-39.9 27-39.9 54.9V416h-66.4V202.2h63.7v29.2h.9c8.9-16.8 30.6-34.5 62.9-34.5 67.2 0 79.7 44.3 79.7 101.9V416z\"><\/path><\/svg><br \/>\n\t\t\t\t\t\t\t\t\t\tLinkedIn<br \/>\n\t\t\t\t\t\t\t\t<svg viewBox=\"0 0 496 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M496 256c0 137-111 248-248 248-25.6 0-50.2-3.9-73.4-11.1 10.1-16.5 25.2-43.5 30.8-65 3-11.6 15.4-59 15.4-59 8.1 15.4 31.7 28.5 56.8 28.5 74.8 0 128.7-68.8 128.7-154.3 0-81.9-66.9-143.2-152.9-143.2-107 0-163.9 71.8-163.9 150.1 0 36.4 19.4 81.7 50.3 96.1 4.7 2.2 7.2 1.2 8.3-3.3.8-3.4 5-20.3 6.9-28.1.6-2.5.3-4.7-1.7-7.1-10.1-12.5-18.3-35.3-18.3-56.6 0-54.7 41.4-107.6 112-107.6 60.9 0 103.6 41.5 103.6 100.9 0 67.1-33.9 113.6-78 113.6-24.3 0-42.6-20.1-36.7-44.8 7-29.5 20.5-61.3 20.5-82.6 0-19-10.2-34.9-31.4-34.9-24.9 0-44.9 25.7-44.9 60.2 0 22 7.4 36.8 7.4 36.8s-24.5 103.8-29 123.2c-5 21.4-3 51.6-.9 71.2C65.4 450.9 0 361.1 0 256 0 119 111 8 248 8s248 111 248 248z\"><\/path><\/svg><br \/>\n\t\t\t\t\t\t\t\t\t\tPinterest<br \/>\n\t\t\t\t\t\t\t\t<svg viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M502.3 190.8c3.9-3.1 9.7-.2 9.7 4.7V400c0 26.5-21.5 48-48 48H48c-26.5 0-48-21.5-48-48V195.6c0-5 5.7-7.8 9.7-4.7 22.4 17.4 52.1 39.5 154.1 113.6 21.1 15.4 56.7 47.8 92.2 47.6 35.7.3 72-32.8 92.3-47.6 102-74.1 131.6-96.3 154-113.7zM256 320c23.2.4 56.6-29.2 73.4-41.4 132.7-96.3 142.8-104.7 173.4-128.7 5.8-4.5 9.2-11.5 9.2-18.9v-19c0-26.5-21.5-48-48-48H48C21.5 64 0 85.5 0 112v19c0 7.4 3.4 14.3 9.2 18.9 30.6 23.9 40.7 32.4 173.4 128.7 16.8 12.2 50.2 41.8 73.4 41.4z\"><\/path><\/svg><br \/>\n\t\t\t\t\t\t\t\t\t\tEmail<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In today\u2019s cut-throat business world, it\u2019s all about efficiency; especially when it comes to processing payroll. Automated payroll management through payroll software in India is far better than using spreadsheets. Not just as a usage model or because of its functionalities. Payroll software not only saves times and manual effort, but it ensures you\u2019re compliant [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[42],"tags":[55,184,241,244,63],"class_list":["post-1060","post","type-post","status-publish","format-standard","hentry","category-hr-payroll-software","tag-buy-payroll-software","tag-hr-payroll-software","tag-india","tag-india-payroll-software","tag-payroll-software"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Why Using Payroll Software Is More Effective Than Spreadsheets in India - TimeLabs<\/title>\n<meta name=\"description\" content=\"Payroll software not only saves times and manual effort, but it ensures you\u2019re compliant with labor laws.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timelabs.in\/blog\/why-using-india-payroll-software-is-more-effective-than-spreadsheets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Using Payroll Software Is More Effective Than Spreadsheets in India - TimeLabs\" \/>\n<meta property=\"og:description\" content=\"Payroll software not only saves times and manual effort, but it ensures you\u2019re compliant with labor laws.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.timelabs.in\/blog\/why-using-india-payroll-software-is-more-effective-than-spreadsheets\/\" \/>\n<meta property=\"og:site_name\" content=\"Latest HR and Payroll Software News &amp; 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