Tally. ERP 9 Payroll Notes

 Home  / New in Tally ERP 9  / Tally. ERP 9 Payroll Notes

Tally. ERP 9 Payroll Notes

Tally. ERP 9 Payroll Notes

 

Salient Features :-

 

The key features of the Payroll functionality in Tally. ERP 9 are as follows:

 

It is fully integrated with accounts to give you the benefits of simplified Payroll

        Processing and accounting


It has user defined classifications and sub-classifications for comprehensive

        reporting. This may be related to the employees, employee groups, pay components,

        departments etc.


It provides the facility to create user-defined earnings and deductions Pay Heads


It allows flexible and User-definable criteria for simple or complex calculations


It allows unlimited grouping of Payroll Masters


It supports user-defined production units i.e., attendance/ production/ time based

        remuneration units


It provides a flexible payroll processing period


It provides comprehensive Cost Centre as well as employee-wise costing reports


It ensures an accurate & timely Salary Processing, Employee Statutory Deductions &

        Employer Statutory Contributions with the help of predefined processes


It provides auto-fill facility to expedite the Attendance, Payroll & Employer

        Contributions processes.


It facilitates an accurate computation and deduction of ESI, EPF, Professional Tax,

        Gratuity etc.


It helps in the generation of Statutory Forms & Chillan’s for EPF & ESI, as prescribed.


It allows drill-down facility to voucher level for any kind of alteration.


It facilitates computation of arrears pertaining to prior period(s).


It helps in tracking employee loan details


Creating Payroll Masters :-

 

Tally.ERP 9 Payroll features require minimal effort for accurate payroll processing. It takes five easy steps to process payroll & generates Pay slip in Tally.ERP 9.

Essentially, Payroll involves the calculation of amounts due for an employee on the following basis.

 §  On hourly wages

§  Pay on a fixed basis such as certain amount per week, per month and so on

 §  Pay to sales persons on commission

 §  Reimbursement of expenses such as travel expenses, either as paid by the employee of based on per item rate

 §  Pay on number of pieces produced/ manufactured/ sold

 

It is therefore essential to quantify the following payroll information for the purpose of computation of payments to employees. For this purpose the following Payroll masters are required to be created in Tally. ERP 9 in the manner as discussed:

 

 §  Employee Masters

 §  Payroll Masters

 §  Pay Heads

 §  Salary Details