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Payroll is a salary management software that enables you to keep a record of all your employee salary sheets and track their increments. Payroll not only helps you calculate the variables of salary payment like your in house accountant but by helping you keep track of overall employee salary management also makes life easier for your HR .
In a company, all your employees are paid in different pay scales, their years of experience vary and so does their yearly bonus. Payroll enables each employee to have an individual account using which you can have a record and review their salary record .
On a macro level, having tabs on each individual salary of employees will make the overall salary management of your company easier. Payroll will help you to calculate the pension deductibles and tax deductibles .
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