Our POISE payroll provides a solution for the management of HR and finance. A payroll cycle is the time period between the disbursements of two consecutive salaries. This payroll cycle can be weekly, bi-weekly or monthly. There are several terms related to running payroll. The payroll cycle starts with hiring (and firing) people and determining their wage rates and deductions, then proceeds to attendance and work (timekeeping), and ends with payment followed by preparation of governmental (tax) and internal reports. Some of the main payment cycle steps include gathering employee time, running earnings and deduction calculation and payment print
Work flow is managed with employee management, and Biometric integration for attendance rules.
The payroll gets generated by loan advance, salary entry in the salary formulas with EPF and ESI entry.
With our experts providing payroll outsourcing we'll help you to follow the best practices in HR and finance payroll management.
Reporting includes Pay slip, Reimbursement, Salary Paid statement, Statutory Reports, Labor Reports to make key decisions
Our payroll outsourcing the various departments in which the HR can get details of leave process, attendance calculation, salary generation.
Our payroll outsourcing services create the user and specify their role seamlessly to performs the tax calculation
Why outsource payroll?
By Outsourcing payroll function your organization can focus on making your employee successful so that the business is successful. Save your energy and resources for customers and focus on being the best in your business. Poise provides the additional profits while ensuring compliance, operational consistency, and unhinged access to professional-grade services irrespective of the business’ scale. On the other side, the employees get reliable remuneration facility, quick resolution in issues & discrepancies, and standardized services for taxes & benefits management that help them plan their finances with reasonable accuracy.
Payroll management services generally include a basket of services like:
• Integrating time-sheets into payable salaries and tax liabilities. • Managing tax-deducted at source, tax filings, and deductions. • Generate pay slips and HR management reports
Payroll outsourcing is the best option to integrate Human resource management, Finance, and Online banking. Many corporate organizations are willing to employ it and streamline the HR systems with the following functions to
• Track and report employee time and attendance data • Process your payroll based on the latest legislative updates • Process Reimbursements and Arrears based on your policies • Support your entire employee payroll life cycle, from their date of joining to exit.
Once you’ve selected our POISE payroll, we will set up an account for you. A payroll report will allow the provider to access your payroll information, such as number of employees and the hours each of them work, leave management, for calculating payroll. With this information in hand, the provider can now run payroll for your company. They then look after details like compliance, payroll tax remittance, and reporting. Depending on the company, they will also disburse payroll funds from your account to make sure everyone is paid on time.
You can get a quote for the service by filling the enquiry form and also by contacting our poise team.
Yes, the POISE can manage the compliance such as Income Tax, Provident Fund, Professional Tax, Employee State Insurance, Labour Welfare Fund, and tax payments.