Payroll Software

Faster processing, accurate payouts

Bid farewell to cumbersome Excel sheets and payroll computation errors. Welcome 100% statutory compliance, on-time disbursement of salaries and stress-free month ends.

Complete payroll processing

Process payroll with a single click

After you’ve configured and implemented greytHR as per your needs, a click is all that you need to process employee salaries.

Use guided payroll processing with checklist

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.

Compute accurate salaries automatically

On clicking Process Payroll, greytHR accurately and automatically computes salary for all employees including:

Complete calculation of GOSI (during employee leaves too)
SIF file generation, as per WPS regulations
Calculation of gratuity, as per the requirements of MOL or your company policy
Arrears, revisions, loss of pay, pro-rata salary, etc.

Use extensive reconciliation tools

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.

Configurable salary structure

Configure complex salary structures

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

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.

Automated payroll inputs and payslips

Automate reimbursements, loans and advances

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:

Monthly/ annual entitlements
Providing loans with multiple repayment and interest options
Pausing loan deductions for a specified period
Automatic closure on completion of repayment

Process payroll with automated payroll inputs

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:

Access and select multiple payslip formats
Process increment components into present salary structure
Process one-time payment and deductions
Process full-fledged arrears
Calculate and automate full and final settlements
Calculate LOP and LOP reversals

Generate and distribute customized payslips

Our web payroll is highly flexible. Send mass email salary slips or publish them to the Employee Self Service (ESS) portal and to the mobile app for real-time access. What’s more, you can also:

Download payslips for individual or selected employees as PDF files
Generate reimbursement and settlement payslips separately

Comprehensive Post-Payroll Process

Generate SIF file

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.

Disburse salaries with ease

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:

All major bank transfer electronic formats built in
Batch-wise/ bank-wise payment release
Status tracker for cash and cheque payments

Generate Accounts JV

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:

In-built formats for Tally
Highly configurable JV (split by cost center/ employees)
Extensive Excel output capabilities

100% statutory compliance

Calculate GOSI

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.

Calculate gratuity

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.

Generate payroll reports

greytHR has readymade and standard reports, including statutory reports.
Our payroll management system provides you with multiple configuration parameters for the following reports: