Automated Accurate Statutory Compliant Payroll Disbursement With Data Security.
Pocket HRMS also provides a simple yet feature-packed payslip designer to help you develop a payslip design in no time. In a matter of a few clicks, you can create and use a payslip design for your company with our payslip designer. Since our payslip designer uses HTML, you would also be able to create or edit templates in no time. We have also provided you with some templates to make the process easier. With the help of these templates, you can also create different payslips for different usage.
There are scenarios where payroll needs to be stopped for an employee or a group of employees. Hence, our payroll software provides this option to ensure that your money is safe and secure in your hands. With Pocket HRMS’ stop payment option, your payments can be stopped as long as the payment details are not forwarded to the bank.
It significantly brings down the time spent on mundane tasks, which can be used for other strategic activities.
The automated system streamlines the company's HR activities, improving their productivity and employee satisfaction.
The payroll process and compliance are automated with no manual errors. Payroll System ensures timely payment and improves our employees' trust.
With mobile app, the HRMS can be accessed anywhere, making it highly portable with flexibility of remote access.
With robust 256-bit database security, data integrity is no more a concern for payroll processing.
In simple words, payroll is any process of providing salary to employees and wages to part-timers based on their worked hours and decided pay. This is not so simple. Calculation of final pay to be paid requires several other calculations and data like leaves taken, remaining PLs, LOP, loan, compensations, appraisal, withholdings, etc.
Payroll involves the process to provide pay to your employees by the employer on agreed terms. There are 2 basic categories into pay:
Net pay is the actual amount received by the employee after all deductions are made into gross pay.
Net pat = Gross Salary – Deductions
A payroll manager needs to be attentive during the payroll management process. It requires proper planning and assistance to effectively perform without any error. There are always ongoing tasks, which need constant attention to everchanging amendments and withholdings. To learn easily, we have segregated the entire process into 4 major categories as below:
Payroll software helps with payroll processing of the entire workforce in seconds. Yes, you heard it right. Payroll management software is capable of tracking and recordkeeping payroll and employee parameters like employee leaves, tax deductions, ESI calculation, etc.
From calculating the precise payroll amount to managing taxes, a payroll solution could help businesses function smoothly.
Also, the software generates payslips and important reports at a click. Employees can upload, access, and edit their personal details on the employee service i.e. ESS portal from their smartphones on the go. Also employees can apply leaves, salary details, and deductions when needed through their service portal.
A good payroll system will facilitate this process seamlessly. This can be extremely valuable when you are looking to retrieve information for any queries related to these matters. The payroll software allows you to generate accurate payroll reports like monthly payslips or leave report of any employee.
Since everything in a payroll management system is automated, you will be saving a lot of time. You don’t have to manually enter the information for every cycle. You set it up once and let the software handle the rest. The only thing you will probably do is new employee registration for every new hire.
The online functionality of a cloud-based payroll system makes it an easy pick for any business. Instances like remote working bring challenges like remote workforce management and online payroll. A payroll software, whereas allows the HR manager to digitally collect the hour details of employees and keep the right data for payroll. Online payroll software promotes flexible working and easy management.
This refers to the legal framework your business must adhere to. As an employer, you are required to maintain various payroll and payment records of your employees. Every organization that hires employees and pays salaries must comply with the labor laws. By having a payroll process in place, you are automatically complying with the employment and labor laws in India.
Information is the key. The HRMS solution with an inbuilt payroll management system could bring the much-needed wave at the firm. No one knows your business better than you. Know the requirement and choose the right HR management solution for streamlined processes and cost-saving.