Payroll Module

Payroll is defined as the process of paying salary to employees . It starts with preparing a list of employees to be paid and ends with recording those expenses. It's a tangled process that needs different teams such as payroll, HR and finance to work together. Any business can manage all the complexities effortlessly by choosing modern technology.

Payroll can also refer to the list of employees of a business and the amount of compensation due to each of them. It is a major expense for most businesses and is almost always deductible, meaning the expense can be deducted from gross income lowering the taxable income of the company.

Payroll is the total of all compensation a business must pay to its employees for a set period of time or on a given date. It is usually managed by the accounting or human resources department of a business; small-business payrolls may be handled directly by the owner or an associate. Increasingly, payroll is outsourced to specialized firms that handle paycheck processing, employee benefits and insurance, and accounting tasks such as tax withholding.

Features -

• Can be integrated with other ERPs.
• Keeps track of in and out timing of faculty members.
• Helps to allocate and maintain data about faculty leave details.
• Tracks attendance using data from the biometric sensor.
• Keeps track of faculty performance.