n a company, payroll is the sum of all financial records of salaries for an employee, wages, bonuses and deductions. In accounting, payroll refers to the amount paid to employees for services they provided during a certain period of time. Payroll plays a major role in a company for several reasons.

From an accounting perspective, payroll is crucial because payroll and payroll taxes considerably affect the net income of most companies and they are subject to laws and regulations From an ethics in business viewpoint payroll is a critical department as employees are responsive to payroll errors and irregularities: good employee morale requires payroll to be paid timely and accurately. The primary mission of the payroll department is to ensure that all employees are paid accurately and timely with the correct withholdings and deductions, and to ensure the withholdings and deductions are remitted in a timely manner. This includes salary payments, tax withholdings, and deductions from a paycheck.

Need for automated payroll:

From the very beginning of getting the candidates interviewed, recruiting as employees, fixing the scale of salary, appointment, salary processing and appraisal etc., HR personnel must go through a pile or bundles of papers for doing all these things manually. Amongst all the tasks mentioned the processing of salary needs more supervision as it has to be done in time coupled with accurateness.

Benefits of switching over to Hi-Tech computerised PayPackTime spent on processing salaries, manual and paper work can be cut down to a maximum extent.
Accurate and Timely salary processing in time with out any delay.
Track and review of employee’s absence and salary calculation as per the attendance will be made uncomplicated.
Offers in three different back ends viz., MS Access, My SQL, MS SQL.
Government tax and slab rates included by default thus providing the salary processing and other deductions meet statutory obligations too. Current rates of tax slabs and formulas will be updated.
Generation of various reports for internal circulation and provision of filing the annual e-Return of TDS. Statutory reports for PF, ESI, PT and TDS are included.
Standing instructions, Arrears calculation, Incentive details, Additional earnings & deductions.
Customization is done to fit in user’s specific requirements.
Excel interface for importing and exporting and thus makes data entry easy.
Periodic Back up and restoring options with reminder.