Payroll process overview

Payroll process overview

Payroll is a monthly process and needs a fair amount of data inputs from various sources for it to give out accurate and timely inputs. In this article an overview of the process and some key concepts have been explained.

Payroll Frequency and Payroll Period

Payroll is designed to be run on a monthly basis – there is no predefined date but ideally it should be run between 28th of the month and 4th of the next month. Payroll is always run for the period between 1st of the month till the last working day, if it is run before the last working day it assumes that the employee is present for the remaining days and processes accordingly. There are two parameters in setup which can be used to prevent data from beyond the cut off date from being considered in payroll -
1. Reimbursement cutoff date : employees cannot submit payroll reimbursements after this data. Payroll should be run after this date but there is no check in the system and you can do a trial run before also
2. Leave cutoff date : leaves or attendance date after this date is not considered in current month's payroll, process will be run assuming that employees are present after the cut off date

Running Partial Payroll

Although the software allows the Payroll Manager to exclude employees while running a payroll it is not advised to do so as the statutory compliance have to be paid within a timeline. If due to any reason the employee is not to be paid the correct method is to hold his payment and not excluding him from payroll.

Data Completeness

Before payroll for any employee can be run the software ensures that the employee's salary structure is in place, any pending declarations like rent, tax are approved. Attendance and Leave Without Pay data comes from Leave and Attendance module. There are multiple methods of sending out reminders to HR / Managers and Employees and of linking missing attendance to salary deductions.

Handling Negative Salary

Salary in month can become negative due to following reasons -
  1. Loan / Salary advances being recovered
  2. TDS recovery is high due to lesser recovery in previous months
  3. Working days are less due to excessive leave without pay
  4. Salary has been reduced from a back date and arrears are being recovered
    Negative salary is automatically recovered in subsequent payrolls or full and final. The impact of negative salary is not shown in the salary register or might not be visible on the salary slip also but the salary payment advice will show a figure net of negative salary if negative salary is being recovered. There are reports available which show the summary of negative salary pending for recovery or breakup of months in which it has been recovered.

Payroll steps

Steps to be followed for updating an employee's data are outlined in the following articles -
1. Updating payroll data
2. Employee payroll details
3. Updating salary structure
4. Nomination and Declarations
5. Creating salary for a new joiner
There are different types of declarations some of which can be done by employees directly and some of which are to be released by the Payroll Manager.
1. Tax Saving declarations
2. Year end supporting submission - at the end of year in India payroll the verification of tax saving documents has to be done. This process has multiple components which are covered in Managing tax saving submissions, Updating tax supporting / rent receipts directly
3. Flexible Benefits declarations
4. House Property declaration

Monthly payroll processing

The main activity of processing payroll on a monthly basis can be understood by going through the articles listed below
1. Monthly payroll processing (India)
2. Adhoc payments / deductions in payroll
3. Generating monthly statutory documents
4. Salary slip generation
5. Generating bank advices, stopping payments
6. Updating tax submission details

Full and Final / Post Separation Payouts

Employee's full and final can be done and payments can be done to them even after full and final has been processed
1. Full and Final processing
2. Post separation payments

Other processes

Reports can be accessed from Payroll Reports section.

Dividing payroll activities between multiple employees

Payroll activities can be divided between the following roles - Payroll Manager, Payroll Executive, Account Head, Accountant, HR Manager, HR Executive. Each of these roles can be mapped to different set of activities as per the table given below. Some activities are to be done at a company level and hence cannot be assigned to any role which is mapped to a Department or Location.
Activity
Roles Allowed
Mapping Basis
Core Payroll activities
- Managing employee details
- Updating UAN / ESI details
- Salary revision
- Managing Flexible Benefit process
- Managing House Property process
- Managing Rent approvals
- Running monthly payroll including
- Post Separation process
Payroll Manager
Company or Location
Creating payroll output files including bank statements
All the above mentioned roles
Company
Cancelling confirmed payrolls / full and final
All the above mentioned roles
Company
Updating tax and other challan details
All the above mentioned roles
Company
Verifying reimbursement claims and making their payments
All the above mentioned roles
Company or Location
Managing Tax Savings Declarations and Submission
Payroll Manager / Payroll Executive
Company or Location
Managing Full and Final process
Payroll Manager / Payroll Executive
Company or Location
Generating 24Q
All the above mentioned roles
Company
Uploading and Emailing Form 16
Payroll Manager / Payroll Executive
Company or Location
Generating Bonus Act forms
All the above mentioned roles
Company
Compliance check
Payroll Manager / Payroll Executive
Company or Location


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