Payroll Management - ERP System
PAYROLL MANAGEMENT - ERP SYSTEM (PMS):• Multi-Company
• Salary can be defined in different currencies and paid in different currencies
• Different employees can have different frequencies of pay, e.g. Monthly, Weekly but processing can be done in a single run
• Employee Salary can be based on Monthly wages, daily wages or hourly rates
• Multiple Over time (OT) Rates
• Optional ’30 Day / Month’ Pay Calculation (360-day based calendar)
• Pay Disbursal Tracking for confirmation of receipt of the salary by the employee
• Basic Salary and Pay components are setup with effective dates
• Facility to define unlimited number of pay components like House rent or transportation allowances.
• Setting up of Pay Components as Monthly Amount, Daily Rate, Hourly Pay and Percent of Basic Pay
• User definable accrual codes for Indemnity, Vacation, GOSI and Air Ticket.
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