Here are some points to consider before you finalize on your payslip software.

1. Contents of a payslip: A payslip usually contains the company name, details about earnings, deductions and net pay. Do you need something more? Probably you also require a company logo, a short address, space for a company seal, and space for employee to sign. You may also require an attendance, leave and income tax summary within your payslip.

2. Customizable Payslips: Is it possible to customize your payslips as you want? Can you decide what appears in your payslip and what not? You should be able to decide and control what appears on your payslips. The payroll software should allow you to design your payslip.

3. Payslip with leave balances: It would be good for you and for your employees, if you were displaying leave balances in payslips. In this case, the payslip has clear information about how many leaves he is entitled to, enabling him to plan his leaves in the upcoming month.

4. Payslip with YTD: YTD stands for “Ëœyear to date’, and is widely used nowadays. Basically, YTD is the total of transactions from the start of the financial year up to now. For eg. If you are on the last month of the financial year, the YTD for “ËœBasic Pay’ shows how much you received as “ËœBasic Pay’ for the whole year.

5. Payslip with carry forwarded values: It is handy to pay out employee wages rounded to the nearest multiple of 10 or to the nearest integer. But in that case, there should be an option to automatically carry forward the residue to the next month.

6. Payslips with different currencies: Sometimes, you want to pay your employees with different currencies. An employee working overseas gets paid in USD, but the payslip is generated at your place. So, in that case, you want to pay some of your employees in USD, and the others in local currency.

7. Calculation History for each payslip: Every payslip is a result of some calculations, but how to verify if the values are correct? You just cannot blindly trust a payroll software, you need to verify and convince yourself. A good payroll software should have a calculation history for each item in the payslip, thereby providing clarity on calculations.

8. Bulk email of payslips to employees: You may have several employees, and you are ready with your payslips, but how to send it to all your employees? If you have just a few employees, it doesn’tmatter. Otherwise, it does matter, and it should be possible to email payslips to your employees in a few clicks, if you have a good payroll software.

Attend HRM is a payroll software which can do all of the above and much more for you. A free download is available at this website: http://www.lenvica.in/

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A few compelling reasons to upgrade to an automated payroll software:

1. Saves you lots of time and money: Manual payroll processing is tedious and time consuming. Consider keying in attendance, leave data for all your employees into an excel sheet for processing every month end. It’s quite some work. This can be completely automated.

2. No manual intervention, hence highly accurate: Humans are intelligent but they are slow and inaccurate, hence it’s wise not to rely on humans for lots of calculations. Let a computer do all calculations and processing quickly and with high accuracy.

3. Allows you to process payroll at the last minute, and very quickly: Payroll is to be processed with attendance and leave data. And you will have to wait for the last day of the month to get these data. If you want to pay your employees on the next day, you have hardly any time to do the payroll processing. So, the processing should be really fast, no matter how many employees you have.

4. Automated payroll processing even if geographically distributed: Imagine processing data from one centralized location, even though your organization has branches across the globe, and still completely automated with attendance and leave data.

Payroll processing in minutes? It’s not a fiction; the best payroll software can really do the following tasks in a few minutes.

1. Process your payroll with attendance and leave data: You should be able to pay your employee for every minute of overtime he does. Also, may be you want to cut pay for every minute he is late. Payroll processing should also take leave balance and entitlements into account.

2. Send pay slips to employees: Right after processing, email pay slips to all your employees. Also, employees should be able to view their pay slips whenever they want, wherever they are!

3. Email salary transfer information to banks: Statements should be forwarded to banks to perform a salary transfer to the employees.

4. Process your income tax, generate statutory reports: Income tax should also be processed with other payroll components. The automated system should also generate statutory reports required by your government.

The need for payroll automation increases with the employee strength in your organization. Automate your payroll, throw away your payroll worries, and focus completely on your core business.

If you have a query, do not hesitate to speak to Lenvica, the payroll software experts.

Click Here --> http://www.lenvica.in

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