Overview

Payroll management is a complex function and requires comprehensive software that works according to an organization’s environment. Invertrix’ Payroll Management Software takes care of all requirements relating to accounting and management of employee payroll and streamlines the entire process.

Main Features

• Simple, flexible and user-friendly.
• Maintains complete employee records and attendance register, generates pay-slips, computes all allowances and deductions and generates all statutory and MIS reports.
• It’s a means for wage payments, tax management, accumulation and benefit-payment.

Benefits

• Streamlining of the entire process makes the task of processing payroll more efficient, thus saving a lot of time and manual effort.
• The most obvious benefit is payroll calculation, including tax and national insurance deduction
• Helps in calculating and tracking employee salaries, wages, bonuses, provident funds, tax withholdings and deductions.
• Payroll data can be centralized, making the processing of paychecks much more efficient.
• Data from payroll software can be imported to any financial accounting system.
• Can provide a wealth of reports using basic payroll data and data on attendance and number of hours worked.
• Year-end reporting is done automatically, and both pay slips and annual reports are archived for future use.
• Can be used to standardize the calculation and processing of an organization’s payroll.