Payroll Compliance

Payroll refers to a series of accounting transactions involved in the process of paying employees for services rendered after taking into account all statutory and non-statutory deductions. The efficient payroll system in Tally facilitates error-free, accurate and timely employee payments while ensuring that the employment is well within the valid work permit. Payroll in Akaunt handles all the functional, accounting and statutory requirements of the payroll department. It provides you with the flexibility to define earning & deduction heads and supports the computation and deduction of ESI, EPF, Gratuity, etc. It supports user defined pro- duction units like attendance, production, time based remuneration, and other methods of calcu- lating payroll. Comprehensive reports based on cost centers and employee wise cost can be generated.