Prime Payroll
Payroll is the ultimate interest of every employee in the organization. In fact, after working sometime, they know already how its supposed to be computed even with just the use of a calculator. So every centavo or peso that is missing in their expected payroll could become a bone of contention. In addition to these potential issues, there’s also a wide array of government contributions and reportorial compliance that can lead to inaccurate reporting or inconsistent data records.
Works across all industries as it process individual or group of employees adapting to changing business rules of operation.
Easy to follow processing routines of various transactions like annualized taxation, retroactive, bonus accruals and final pay.
Scales even with processing requirements for hundreds and thousands of transactions for all employees.
Tight ntegration with Time and Attendance, as a true financial subsidiary and 3rd party GL posting and linkages.
Product Description
The Payroll Module, though it may look like a high-tech calculator, is equally important to Payroll Masters and Accounting Officers. The cutoff between payrolls is not sometimes enough to do all necessary paper works, payments, and submission of certified correct reports and government forms. The Payroll Module addresses all these troublesome paper works and repetitive copying and transfer of data from one file to another. It ensures accuracy and consistency of information from raw sources to listings,and filled up government forms. It also automatically complies with good accounting practice of keeping summary totals, year-to-date totals, and historical data for audit, review, reconciliation, and for other future purposes.
Prime Payroll assures management of a more accurate and timely delivery of information while changes mandated by government and business peculiarities are easily implemented.
Recurring (benefits, dues, shared) and one-time transactions (canteen, commission, coop) are manageable and uploadable.
Templates are modifiable which can be downloaded as Excel including dynamic registers, payslip, and bank remittance all with configurable columns.
Supports annualized/cumulative taxation, retroactive, bonus accruals, leave conversion, final payroll processing, and secured bank remittances.
Provides continuous support for changes and compliance of BIR, SSS, Pag-IBIG, PhilHealth, DOLE and PEZA.
Historical transactions and totals are stored for audit purposes and remittance certifications for long term use.
Can function to handle employee loan subsidiary, liquidation, posting payroll entries to 3rd party financial systems supporting business units and cost centers.