Top 7 benefits of using a payroll software

Benefits of Payroll Software

1.      Less cost

2.      Ease of use

3.      Relief from regulatory aspects

4.      Easy and fast payroll reconciliation

5.      Generating Accounts JV

6.      Multiple reports generation

7.      Inbuilt leave and attendance data as automated inputs

Eilisys is best HR & payroll software India which meets all your requirements, from attendance punch to payslip generation & suitable for all industries

The term ‘payroll software’ refers to automating the entire gamut of payroll tasks involved in calculating the salary of the employee, calculating the statutory deductions, arriving at the amount of payout to be done and ensuring that the calculated amounts are paid out to employees on time.

Traditionally, processing of payroll is a time-consuming process repeated every month. Now, with a single click, a payroll software calculates gross pay, deductions, statutory compliance and net pay for each employee and processes it immediately.

Apart from calculating and disbursing salaries, payroll processing also involves calculation of all statutory dues (employee and employer contributions), generating reports in the format mandated by law and filing (submitting) these reports along with the amounts to the relevant government departments.

Additionally, employees need to be informed about the salaries paid to them, tax deducted, reimbursements, etc. This is done via payslips.

There are many payroll software available in the market, more information can be found here https://www.slideshare.net/eilisysfb/what-features-will-business-owners-get-out-of-payroll-software-system