Calculating salaries is one of the most difficult things to do in big corporations. With so many employees and all of them being paid a salary, record management becomes a very big task.

There has to be a system in place which ensures all the salaries paid out to employees are listed properly and accurately besides employee names. The raises have to be added on time, the same being applicable for bonuses.

Salary Software in India is one of the best in the business. There are many salient features, all of them so impressive one feels like sitting up and taking notice of the same. The Salary Systems offer Comprehensive HR Information, Contain an Increment Transfer Entry and Upload Module, a Fully Fledged Reimbursement Module, Loan Disbursement and Recovery Module, Ad-Hoc Adjustment Entry and Upload Module, Fully-Fledged Leave Module, Manual Attendance Entry Systems and Uploads, Attendance Integration with Time Machine, Overtime Entry and Upload Module, Generation Module etc.

Salary Systems are configured well. The end user gets user definable salary heads, flexible and formula driven salary heads, user definable dashboard and input upload formats and excel export reports, a powerful security module starting from entry form level and report level and going up to data access level.

Processing features in Salary Software in India include auto calculation of OT, SAF, Bonuses and Gratuity, a Strong and Robust Arrear Calculation Module, a Quick and Accurate Pay Calculation Engine and an FnF Calculation Engine etc.

Disbursement features include direct bank payment electronic files, cheque/cash payments lists, bank files for non-slip components, auto voucher generation that include reimbursements, voucher generation for oracle, SAP and other customized third party solutions.

The software is built with a mechanism to effectively churn out payrolls. Some of the most enterprising features that can be calculated through this include Pay Reports, Bonus Reports, PF Reports, ESI Reports, Loan Reports, TDS Reports and Reimbursement Reports, Leave Reports, General MIS Reports etc.

Cost efficacy germinates from demand. The supply too compliments the demand in equal measures. Hence, the systems sold are very reasonably and moderately priced.

Some of the various features you possibly calculate through this software include the likes of salary slips, pay slips, payments sheets, salary statements, earning statements, debuction statements, CTC reports, arrear reports, over time reports, adjustment reports, summary reports, variance reports, bonus summaries, ESI returns, leave status reports, leave without pay reports etc.

Salary Software in India written to cater to big corporations and organizations are empowered with features to work on all the above mentioned facets of salary calculation. The software delivered finally is the best in the business, replete with the features required to make it highly competitive and effective.

You may have thousands of employees on your payroll but when it comes down to calculating their monthly compensation, nothing else does the job better than this software. It is one of the best available in business that seamlessly facilitates the salary calculation of thousands of employees together. Add up all perks and incentives and you will have the total amount in front of you.

Author's Bio: 

Farsight IT Solutions provides bespoke software development services using web technologies. We works on Payroll System, Biometric Devices, Salary Software, HRIS System, HR Software and many more web applications.