What are the Features and Functions of Effective Payroll Software in Nepal

1. What are the Features and Functions of Effective Payroll Software in Nepal

2. Like anywhere else in the world, businesses, organizations, firms and, offices in Nepal have a monetary obligation towards their employees. Employees in Nepal need to be compensated for the work they do, just like employees anywhere else. This need brings into focus the subject of payrolling; a system under which an organization or a business tabulates money owed to an employee for the work they put in, based on the number of working days, hours and even overtime schedules, on a month to month basis. Traditionally, payroll is handled by the accountant of an office or a firm and calculating money owed to an employee based on the factors above, is done manually. However, the advent of payroll software in Nepalhas revolutionized the way company and organization accountants handle payroll and has substantially decreased payroll errors and time spent on payrolling. Let’s look at some of the integral functions and features of effective payroll software.  Payroll Processing  The primary function of effective payroll software is payroll processing. By definition, payroll processing is a function and feature that integrates company payroll information such as timekeeping, leave applications and overtime pay rates to come up with the amount due to each employee at the end of every salary cycle. 

3. Direct Disbursement  Directly transferring salary owed to an employee into his or her bank account, or handing out cheques, is a matter of time and energy wasted, especially if one is employing a significant number of employees. Fortunately, effective payroll software in Nepal comes with a direct disbursement feature, which is the next course of action, after payroll processing. Direct disbursement ensures that after an employee's salary is tabulated at the end of the month, money owed to the employee is directly disbursed into his or her account, on an automaton basis.  Data Safety  Effective payroll software also comes with the data safety and protection feature, which is truly important in a world where corporate espionage and hacking are a threat for many companies and organizations. Effective payroll software is not only able to process payroll data, but also protect payroll data from leaking. 

4. Miscellaneous Features  Listed above are just the primary and most important features of effective payroll software. Furthermore, payroll software may come with additional features such as employee-self service, which allows employees to input payroll data into the system themselves, saving time and energy for the accounting and HR department of a company or organization. Additionally, payroll software accounts for taxing and filing using data present in the system to ensure that company and employee taxes are paid on time. Payroll software in Nepal features accounting integration functions that save both the HR and accounting team of a company much time and energy.  In conclusion, knowing the integral features and functions of effective payroll software should be followed up with research into PIE HR software systems, including payroll software on www.piehcm.com.

5. PIE Software Pvt Ltd. hello@piehcm.com https://piehcm.com/ 97714475239 Boudha – 6, Mitrapark,Chabahil Kathmandu, 44600, Nepal