After you’ve configured and implemented greytHR as per your needs, a click is all that you need to process employee salaries.
If new to the process, tool, or you want to review and verify data while processing payroll, don’t worry; Select the manual payroll process option to process payroll in a guided manner with the help of an online checklist.
On clicking Process Payroll, greytHR accurately and automatically computes salary for all employees including:
Verify accuracy in each payroll by using a variety of payroll reconciliation tools at your disposal. Compare current and previous month’s payroll and also, customize salary register and payroll statements as per your needs.
greytHR’s in-built payroll calculator offers flexibility to handle any type of salary structure. Define highly customizable salary structure specific to your industry standards, specifications, or requirements and employee category.
Add unlimited salary components from our repository to create a salary structure that suits your business needs or industry/ statutory norms/ regulations. Some of these salary components are standard while some are highly specific components.
A growing organization needs to accommodate not just basic payroll but also reimbursements, loans and advances for employee betterment. greytHR’s web payroll also incorporates:
greytHR payroll software provides you with seamless integration of leave and attendance information for all employees as payroll inputs. This integrated payroll system helps you to:
Directly generate SIF files (as per WPS regulations) after payroll processing with a single click. Store establishment ID, bank routing code, employee account number and other information easily without redundant data entry every month.
greytHR’s payroll management software allows you to disburse salaries through any bank through multiple payment modes, such as cheque and bank transfers. Also, it has:
Payroll doesn’t end with payslip distribution, reconciliation or disbursement. To have a smooth link between your finance and payroll teams, our payroll system allows you to generate Accounts JV easily via:
Specify the amounts or components on which GOSI is calculated. Manage GOSI calculations even during employee’s leave period. Generate reports at the end of every month on the deductions and provisions towards GOSI.
Specify the number of days for calculation of gratuity depending on the years of service for each employee. Automate calculation and report generation of gratuity as per MOL or your company’s policy.
greytHR has readymade and standard reports, including statutory reports.
Our payroll management system provides you with multiple configuration parameters for the following reports: