Top Payroll Software for Small Business
Technically speaking, payroll software is defined as a computer program that manages a company’s payroll necessities. For small and medium businesses, we know it’s a formidable task to sit at the end of every month and pour in many hours to summing up the salary details for each employee. Often, in such companies the owner has to perform multiple duties and it’s difficult to spare time for calculating overtimes and employees taxes.
Here comes the usefulness of this simple yet effective software that takes care of all the necessary calculations and takes care that the salaries are paid on time. Here is a list of top payroll softwarethat would take care of all your employee accounting woes.
ADP Payroll: ADP payroll on cloud solution is designed to handle complexities of all types of business. Once the solution is customized to your business requirements, you can process payroll and the associated compliances such as TDS, PF and ESI deductions with a single click. ADP has been in the payroll business for the last 60 years with 80% of Fortune 500 companies using their solutions.
Payroll isn’t just about paying your people. ADP’s payroll outsourcing services can give you new business insights and help you adhere to compliance easily. Streamlined processes & faster turnaround time
- Support through entire employee life-cycle, from date of joining to exit
- Consolidated, error-free documents & reports with sharper business intelligence
- Lower risk related to compliance and penalties
- Better resource deployment
- Decreased IT infrastructure investment
- Speedy resolution of employee issues
Tally.ERP 9: — Tally.ERP 9 delivers comprehensive payroll management software with necessary payroll compliances built in it. It provides the facility from simple payslip generation up to complex allied processes which include Salary revision, loans and advances and ad-hoc payments. It also manages the salary of the employees according to statutory norms and processes. Some of the notable features are: -
- Create and maintain employee database
- Multiple salary structure for different employees’ e.
- Tracking of loans and advance paid to employees and defining multiple criteria for recovery of such advances (single or multiple instalments from the employee’s salary)
- Supports gratuity as per the specified criteria.
- All payroll related reports can be generated with a click of the button.
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