Payroll Software is a tool which simplifies and automates the process of paying a companyâ€™s employees. It help to keep all accounting needs of an organization and keeps the employee records, recruitment, performance, leave, Attendance etc. Payroll Software automates the entire payroll process and automation eliminates the manual calculations thus, saves time and efforts of HR’s.
Benefits of using Payroll Software
There are different advantages of using a Payroll software â€“ for the user, the employees and the company (of all sizes). Managing Payroll is one of the most important and lengthy functions in any business organization. It is also a very important process, hence it requires unparalleled attention while working on it. As small mistake can ruins things of an organization.
Lets have a look at some of the most manifest advantages of payroll software.
- Employee Calendars:
Through help of employee calendars you manage sick leave, absences and overtime of employees in a super easy way.Â With employee calendars organization can make plans and decisions on a particular day. At a single glance all kinds of information on the employee can be obtained like how long they have taken leave, whether to allow more leave or how much leave is entitled to them.
Payroll Software allows you to quickly and easily generate accurate payslips for all your employees separately. It also stores the data annually and that data can be exported in form of excel.
GeniusHR a payroll software uses the encryption algorithms to ensure the data remain secure. It has level of security access the admin can restrict other users to access any confidential data.
- Intuitive Reporting:
Payroll Software helps to generate customized report any time. Reporting module include message facility through which organization can send the report to the employees.
- Time Saver:
Managing the payroll is not an easy task when its done manually it takes lot of time and may cause headache to HR Manager. Payroll Software automates all the process from managing attendance to generating salary slip.
Â Wrapping Up
Now that you know the benefits of a payroll software, how about getting free demo of GeniusHR – One of the best Payroll Software In India