Every small business owner performs more than one role for his company. One of the most important tasks in running a small business is completing payroll. Payrolls are said to be the lifeline of any organization. It is defined as a list of a company’s employees and the amount of money they are to be paid for the services they provide during a particular period of time. One of the most important tasks in running or managing a business is completing the payrolls in a timely manner and yet maintaining accuracy and reliability.

Payroll accounting, having its own value and importance, is a particular accounting discipline which is concerned with recording the compensations: salaries, gross wages, commissions and bonuses of the employees. In this way, payroll accounting is one of the most essential functions of the accounting department within an organization.

However, in general, the payrolls are processed and formulated in the following ways:

• Adding new employees
• Collecting timecard information or processing attendance of the employees
• Making adjustments or Entering changes including deductions
• Calculating taxes or other payments
• Processing wages or dues accordingly
• Generating Financial Entries according to the cost centers
• The final task is to distribute each employee’s net pay which can be done in different ways such as, mailing checks, making deposits, making prepaid debit cards or
distributing cash personally to the employees.
• Payroll Management System gives you the power to
• Manage Employee Information Efficiently.
• Define the emoluments, deductions, leave etc.
• Generate payslip at the convenience of a mouse click.
• Generate and Manage the Payroll Processes according to the Salary Structure assigned to the employee.
• Generate all the Reports related to employee, attendance/leave, payroll etc.
• Manage your own Security.