Payroll Management:

Payroll is basically a collection of aggregate sum of wages paid by the organization to its workers. Handling finance slips is a very tedious undertaking and can be arranged week after week, semi – month to month or month to month contingent on the assets which the organization has in its hold.

Process :

Organizations generally recruit finance administrations from outsiders by method of re-appropriating which make the way toward representing finance and simple and easy errand. Finance specialist co-op deals with different assignments, for example, charge commitments, representative’s time figuring, getting ready checks and compensation report the executives. 

Features:

Payroll bookkeeping in Tally offers the advantages of disentangled Payroll preparing and bookkeeping because of its additional advantage of coordination with accounts.

•The Payroll module in Tally. ERP 9 reports thoroughly as it has client characterized characterizations and sub arrangements. This may be related with the workers, representative gatherings, pay parts,  offices and so forth

•The Payroll module additionally lets adaptable and client characterized measures for clients.

•It additionally offers the office to make client characterized profit and derivations pay heads.

•Ensures convenient and exact preparing of pay alongside representative legal derivations and boss legal commitments with the assistance of predefined measures.

•It creates Statutory structures and challans for EPF and ESI as endorsed.

•The finance module helps in following the credit subtleties of workers too.

How to use payroll in tally ERP9:

Enable Payroll	● Enabling Payroll in Tally.ERP 9 ● F12: Configuring Payroll ● Configuring Print Options for Payroll
Payroll Masters and Income Tax Details	● Creating Employees ● Creating Employee Categories ● Creating Employee Groups ● Creating Payroll Units ● Creating Attendance Production Type ● Creating Pay Heads ● Defining Salary Structure ● Income Tax Details o Pay Head Configuration o Declarations o Override Exemption Value o Override Tax Value o Tax Configuration o Previous Employer Details ● Creating Payable Ledgers
Payroll Vouchers	● Creating Attendance or Production Vouchers ● Attendance / Production Voucher ● Salary Payment ● PF Payment ● ESI Payment ● NPS Payment ● Income Tax Payment ● Professional Tax Payment ● User Defined Pay Head Process ● Salary Process ● PF Process ● ESI Process ● NPS Process ● Employer PF Admin Charges processing
Payroll Reports	● Pay Slip ● Pay Sheet ● Payroll Statement ● Payment Advice ● Payroll Register ● Attendance Sheet ● Attendance Register ● Expat Reports ● Payroll Statutory Reports