eSchool’s Payroll Management feature gives you a complete and well-defined salary structure for every employee. As far as flexibility is concern, the module is made in such a manner that the salary structure can be updated at any point of time. Keeping in mind the difficulties faced while calculating PF, TDS, DA etc., this module provides the automatic calculation of these components. It is seamlessly integrated with employee attendance as well to get the perfect calculation for the Paid leaves and deductible leaves. This module deals with the financial aspects of employee’s salary, allowances, deductions, gross pay, net pay etc. The outstanding benefits of this module is its easy implementation and its extensive features and reports. It helps you to generate all the necessary Reports related to employee, attendance/leave, payroll etc. Highlights of this module’s features can be found here.
There are various segments related to the Payroll Management.
Salary :- In the Staff Module you can see a segment named Salary. As we have discussed in the Staff module’s first segment ie Configuration segment, that how you can create a new Salary Head as well as Salary Template. In that you can mention that the head which you are creating is Basic, Payable or Deductible. The heads which you will create there will reflect here. The Salary segment consists of various subsegments ie Salary Payment, Salary Loan and Define Salary. We will discuss each subsegment briefly.
Salary Payment :- In this you can do salary payment by letting the system automatically calculate the salary and its payable amount of that particular staff.
Salary Loan :- This Sub Segment will allow you to give loan (if applicable) to the staff member or a particular teacher. The loan which is being provided by the school can be under different heads and repaid by that employee through fixed repayment installments.
Define Salary :- The salary segment works smoothly and flawlessly if all the minute details like payable amount and deductible amount are entered carefully in the system to help it calculate.