Brief about Payroll
Timelabs is a web based software solution which has payroll software module that eases the very laborious task of every month payroll processing. It includes complexities regarding calculations, deductions, statuary regulations and other daunting activities. Our payroll software is designed to suit every small, midsized and large organization to enhance their payroll processing and thus adding to the productivity and profits. Payroll software is efficient in a wide variety of tasks including employee attendance, calculating innumerable salary components; calculate overtime, tracking leaves, loans and advances, generating pay slips, PF reports, ESI reports, tax reports etc.
Our payroll software is compatible with every type of industry unlike other payroll applications. It is multi-user, multi-company application and can maintain records of around 500 employees at a time. Its advance features make it easy for administrators to set user level permissions and access rights and maintain a complete audit trails. Unlike most other business functions, payroll software needs to be updated regularly, not for support of help when things go wrong, but also for regular updates when tax and other figures change, and when there are alterations to legislation.
In most large and medium organizations payroll is an essential monthly activity, which is fairly routine in nature. Depending on the size and nature of the organization, this activity can be fraught with complexities related to calculations, deductions and statutory regulations. There also exist several routine processes like leave management, income tax calculation and deductions, reimbursements and routine HR communication which are time consuming and error prone. Pocket Payroll is a complete HR payroll software that not only offers organizations value for money but is also universally applicable irrespective of industry vertical, unlike most other payroll applications.
In manual data processing, errors cannot be controlled and employee and company data can be compromised. If leave and attendance are mismatched, employees can get less or more salary and excess disbursal, posing unnecessary issues. To add to this, physical data entry takes cumbersome hours and toil to create and is susceptible to mishandling.