Key Features of Payroll Software
Employee Compensation Management
- Calculates salaries, wages, bonuses and deductions automatically.
Tax Management
- Automates tax calculations, filings and compliance with local and national regulations.
Direct Deposit & Payment Processing
- Facilitates direct bank transfers or alternative payment methods.
Time Tracking Integration
- Tracks employee hours, overtime and leaves for accurate payroll calculations.
Benefits Management
- Manages employee benefits like insurance, retirement plans and reimbursements.
Employee Self-Service Portal
- Allows employees to access payslips, tax documents and personal information.
Compliance & Reporting
- Ensures compliance with labor laws and generates detailed reports for audits.
Multi-Currency & Multi-Location Support
- Handles payroll for employees in different regions and currencies.
Customizable Pay Structures
- Supports varied pay schedules (hourly, salaried, contract-based, etc.).
Mobile Access
- Enables payroll management on the go via mobile apps.