Payroll Creation in Frontaccounting
Payroll Creation in Frontaccounting is necessary module, when you come to manage your salary and wages into your final P/L Account and Balance Sheet. So Here I am just putting the introduction of the Payroll process. Which will help you to create your own Payroll Process into frontaccounting. Finally, my HRM and Payroll is ready to use. You can get more details about different versions of HRM Here.
Generally, Payroll consist of of the following things,
- Allowances and earning,
- Salary Editor
- Process per month
- Breakup Formula
- Employee Informations
- History and Total reports
There is one custom module available as module of Frontaccounting. But you can develop one which suits your needs. Let’s see the things in briefly,
Earnings and Allowance :
Here the basic pay and included allowances to a employee will be listed and allow the moderator to change it anytime based on the changes in realtime.
Here the deductions comes to list the deductions will be applied to an employee.
Salary Editor :
The salary struct can be edit and change the order here with Salary Editor
Process Per Month:
This will help you to process the salary based on automatic generation and manual process by an employer
Breakup formula :
This talks us to setup the ratio or the formula value to calculate the Salary of an Employee
Employee Information :
This will help you to handle the employee information’s to process the Payroll
History of Salary Process :
The total list of salary and wage processed information’s will be stored on a table for further reference, We need to calculate the final Balance Sheet and Auditing report based on the total salary processed per month.
These are the main functions to be carryout in the payroll functions.
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