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payroll procedure

What is the procedure for payroll?

Payroll management and its processing is a big aspect of every company and organization. Various steps are required with correct calculations to pay every employee his or her periodic salary depending upon their pay period and work hours. While calculating the payroll several other factors like pay rate, taxes and deductions are processed. Thus correct processing of payroll ensures employees’ correct salary based on their employment status and other Department of Labor (DOL) requirements.

The basics of payroll procedure

  • Updating employee master file.
  • Setting pay period
  • Entering time worked
  • Entering manual payments
  • Calculating termination pay
  • Altering deductions
  • Calculating pay
  • Issuing payments
  • Depositing taxes

Megatherm ERP brings to you its SAP enabled software that helps you process payroll in simple steps with great accuracy and efficiency.

About the author

MegathermERP is an Authorised SAP Business one partner in Kolkata, India. We offer complete ERP solution in eastern Indiaincluding Kolkata, Odisha, Bihar, Jharkhand, Assam and Raipur-Chattishgarh. It is the focus point of our business that we help our customer achieve a robust IT infrastructure so that they can concentrate in their core business without having sleepless nights concerned about IT.

Call our help desk to know more or visit our website www.megathermerp.co.in

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