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payroll processing

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Payroll software is available to make your life as a Payroll Manager as simple as possible. You need to be confident that your Payroll system will include all of the tools you need to ensure that your company pays your staff accurately and that your organization remains compliant with current payroll legislation – PowerPoint PPT presentation

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Title: payroll processing


1
Remunance Systems
  • Payroll Software

2
What Is Payroll System?
  • An automatic Payroll process helps you comply
    with legal and tax requirements and simplifies
    the process of paying your employees
  • Payroll software is available to make your life
    as a Payroll Manager as simple as possible. You
    need to be confident that your Payroll system
    will include all of the tools you need to ensure
    that your company pays your staff accurately and
    that your organization remains compliant with
    current payroll legislation
  • Many employers outsource the payroll function to
    an outside vendor or use payroll system software
    instead of relying on manual processes.

This Presentation is Brought to You By REMUNANCE
PAYROLL SERVICE PROVIDER
3
About us
We provides bespoke solutions and consulting
services ranging from End to End Payroll
administration, Attendance Leave management to
setting up offices in India for businesses
abroad."Our global clients select us for our
domain expertise knowledge base in our service
areas, combined with a solid technology
foundation. Our organization is build around the
thought that we are an extension of our client's
facility. Thats is why "We Extend beyond
expectation to Excel together".The mission of
Remunance Systems is to provide high quality,
reliable, consistent service to its clients
enabling them to dedicate focus and attention on
their core activities and at the same time
harness the benefits of availing the expertise in
specific business domain."  
4
Automated Versus Manual Payroll System
  • manual payroll system
  • automated payroll service
  • A manual payroll system requires that the payroll
    be processed by hand and is therefore a
    considerably slower procedure than an automated
    system.
  • Payroll processing is a Complex task and most
    likely to cause errors.
  • An automated payroll Service enables the employer
    to process its payroll through a computerized
    system.
  • Makes payroll processing simpler, and reduces
    errors

This Presentation is Brought to You By REMUNANCE
PAYROLL SERVICE PROVIDER
5
Payroll Software Pros
  • Payroll calculations can be completed in a
    fraction of the time
  • Year-end reporting is also usually automated, and
    both pay slips and annual reports are archived in
    case copies are needed later
  • Using basic payroll data, together with data on
    attendance and hours worked, payroll systems can
    provide a wealth of reports.

This Presentation is Brought to You By REMUNANCE
PAYROLL SERVICE PROVIDER
6
Landscapes Of Payroll Software
  • Time-keeping Transportation
  • Payment Calculation
  • Deduction Calculation
  • Record-keeping

7
Time-keeping Transportation
  • Allows the employer to import time clock data
    into payroll software. Specifically, the employee
    uses a swipe card or badge, or the hand print or
    fingerprint method, to clock in and out. Once the
    entries are transported into the payroll
    software, the software computes the time worked.

This Presentation is Brought to You By REMUNANCE
PAYROLL SERVICE PROVIDER
8
Payment Calculation
  • The automated system performs all types of
    payments hourly, overtime, double-time,
    salaries, commissions, bonuses, pay raises,
    retroactive pay, wage deductions, auto payments
    and tuition reimbursements
  • Notably, the automated system eliminates manual
    paycheck writing. The system automatically
    generates paychecks and stubs and enables direct
    deposit

This Presentation is Brought to You By REMUNANCE
PAYROLL SERVICE PROVIDER
9
Deduction Calculation
  • Salary and wage deductions are a necessary part
    of payroll processing
  • With an automated payroll system, the software
    has the tax rates hard-coded in the system. It
    calculates the withholding tax for each employee
    based on the withholding conditions data input.
    This reduces the likelihood of payroll tax
    errors, which can result in fees from the
    Internal Reporting System and the state taxation
    agency.

This Presentation is Brought to You By REMUNANCE
PAYROLL SERVICE PROVIDER
10
Record-keeping
  • The Internal Reporting System requires employers
    to keep employment tax records for a minimum of
    four years
  • The manual system requires filing the necessary
    payroll data by hand, which consumes time and
    increases clutter. Payroll software generates and
    stores payroll and employment tax data.

This Presentation is Brought to You By REMUNANCE
PAYROLL SERVICE PROVIDER
11
Supremacy Of Payroll Management System
  • Manage Employee Information Efficiently.
  • Define the emoluments, deductions, leave etc.
  • Generate Pay-Slip at the convenience of a mouse
    click.
  • Generate and Manage the Payroll
    Processes according to the Salary
    Structure assigned to the employee.
  • Generate all the Reports related to employee,
    attendance/leave, payroll etc.
  • Manage your own Security

This Presentation is Brought to You By REMUNANCE
PAYROLL SERVICE PROVIDER
12
Need A Demo?
  • Contact Us
  • 11 - Erandawane Phatak Park,
  • Off Karve Road Pune - 411004, India
  • Talk to us
  • Pune 91 99229 37385
  • New Delhi 91 78383 15525
  • Ahmedabad 91 95525 87175
  • Mumbai 91 95525 80072
  • Bengaluru 91 90008 77568
  • Hyderabad 91 90008 77568

This Presentation is Brought to You By REMUNANCE
PAYROLL SERVICE PROVIDER
13
You Can Reach Us Through
Want To Part Of Our Organization Then Visit Our
Career Page
This Presentation is Brought to You By REMUNANCE
PAYROLL SERVICE PROVIDER
14
THANKING YOU
This Presentation is Brought to You By REMUNANCE
PAYROLL SERVICE PROVIDER
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