Payroll is a crucial function to any Organization and needs to run smoothly so your business can operate. Payroll is an integral part of the WrkPlan package. The system prepares and maintains all data needed and updates and runs Payroll in a timely manner. You can rest assured that your employees will be paid promptly and that accurate records are maintained as well as a wide range of automatically generated reports, well in time for MIS (Management Information Systems) and meeting regulatory norms.
Now, managing payroll for your employees is easy, flexible and accurate at every instant.
We help you migrate your entire Payroll data from your previous system to ensure a quick and easy implementation. Your configurable, fully integrated database can support multiple locations, categories, or other organizational structures you need to track.
Easily keep track of changes to employee compensation or benefits over time. You can also keep track of employee performance incentives or one-time bonuses. WrkPlan will update compensation changes throughout the entire system from Customer Billing to Payroll.
WrkPlan has a fully integrated, online Timesheet Portal where employees submit their hours.Each employee is able to log the total time worked each day, what was done and which project or category it was done for. The system also handles absent days, vacation or other types of leave. This information is fed directly to the other areas of WrkPlan and used to generate Invoices and Payroll – direct from the source data. There are numerous reports that come standard with WrkPlan that can be used to analyse hours and cost data - such as the MIS report which details employee productivity or the Project-wise Labour Cost Computation and Variation report.
Employees love the ability to view their Payslips directly online through WrkPlan and are even able to download then in PDF format. One can even access historical Payslips as of any month at any time by simply logging in to the portal.
While computing Payroll, WrkPlan deducts and maintains records for Provident Fund, Employees State Insurance, Professional Tax, and delivers statements for statutory compliance. Statements are automatically generated and can be set to recur monthly, quarterly, semi-annually and/or annually.
Built into the Payroll system is the ability to calculate various types of Bonuses. Some Bonus calculations include:
WrkPlan extends support to employees or Staff Members by digitally generating a signed Form 16, which consists of all payments received by the individual during a particular time period. This report helps employees understand their Income Tax Liability for a particular fiscal year so they can submit their Tax Returns accordingly.
WrkPlan extends support to the Staff Members by generating digitally signed Form 16 consisting Payment received by the Staff Members during a particular time period. This assists the Staff Members to understand their Income Tax Liability for a particular fiscal year and submit Returns accordingly.