Payroll management is one of the most complex accounting transactions which deals with the process of paying employees for the services they render. In a school environment, payroll calculation revolves around all teaching and non-teaching staff.
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The first and foremost task of the payroll department is to ensure whether all employees are paid accurately and timely with the correct bonuses and deductions. World Class Education Payroll Wizard is a multi-faceted payroll calculating software that incorporates basic salary structure, bonuses and leaves, advances and loans taken, considering the government defined PF/Gratuity/HRA/ESI rules with utmost precision.
Payroll Wizard – is a comprehensive payroll management solution that is tailored to meet the specific requirements of each school’s local schedule with its own settings, preferences, and modifications. Other than computing employee pay, Payroll Wizard processes leave accrual/usage, determines eligibility for benefits generating salary statements, and pay slips as well as optional linkage to loans/advances with transport charges. This fully automated payroll software minimizes the work load of administrators and ensures confidentiality while generating error-free information at maximum speed in tandem with the Cyber Campus Module. Smart functioning and saving valuable man hours is the specialty of Payroll Wizard.
Our Payroll System includes the following
Pay slips and annual reports for future reference- Automated salary calculation with zero error
- Reduces Time& cost for the Payroll process
- Compatibility with Biometric attendance devices and RFID devices
Reports
- Monthly Attendance Report
- Individual Pay Slip
- Employer Contribution Report
- Leave Report
- Loan Report
- Monthly Salary Summary Report
- Monthly Company Expense Report
- Assigning salary structure and pay grade
- Setting Loan criteria and interest charges
- Setting Leave types and allowances
- Allocate holidays and work shifts
- Enter bank details for salary remittance
- Retrieve attendance details of employees
- Leave management– Application, Approval and Reapplication
- Over-Time management– Application, Approval and Management
- Attendance Management (Time & Attendance)
- Loan management- Application, Approval and Issue
- Salary Advance payment upon application
- Monthly Heads Entry for Variable Earnings and Deductions
- Generate accurate, updated Individual Pay slips
- View Comprehensive reports in summary/detailed-individual wise, department wise or as a whole organization
- Salary Earnings and Deductions can be set for structures
- Variable pay entry for individual staff
- Automated year-end reporting