Payroll Outsourcing

Payroll Outsourcing from Visita Solutions Incorporated

By: Visita Solutions Incorporated  10/15/2016
Keywords: Payroll Outsourcing

Full Management and Correct Maintenance of Payroll Master Data: Visita completely manages the payroll master data in its own software system and correctly maintains the employee payroll database by timely updating it on every payroll cut-off date for correct report generation. Timely Delivery of Summarized Employee Timesheets to the Client: Our company sends the summarized employee timesheets on every payroll cut-off date to the client for filing while keeping a soft copy to serve as backup. The client has flexibility of choosing the cut-off date as the 30th of every month or another preferred date. Accurate Processing of Salary with Different Adjustments: The system can process different types of salary adjustments including changes in employee pay rate, deductible loans, and one time salary payment in the payroll computation to accurately calculate the correct salary. Computation of 13th Month Pay as per Philippines Labor Code: Every year end, the payroll software computes pro-rata the 13th month pay for all rank-and-file employees according to the laws of Philippines Government’s Department of Labor and Employment’s Bureau of Working Conditions. The software computes the precise 13th month pay as 1/12 of the basic salary by including the correct allowances like “cost of living” and excluding allowances and monetary benefits like pay for holidays, sick leave, maternity leave and overtime hours. Custom processing of 13th month pay according to specific client requirements is also done but always following Philippines Labor Code. Double Checking of Payroll Register prior to Client Delivery: Our company’s accountant thoroughly rechecks the software computed payroll register for accuracy and correctness, before sending it to the client for approval on the cut-off date . Timely and Automatic Generation of All Payroll Reports: The software automatically generates all standard monthly reports needed by the client per payroll cut-off date. Standard reports like Pay Slip, Salary Register, Quit Claim computation (if there is any), Cash and ATM Summary report are automatically generated and sent to the client on every payroll cut-off date. Monthly reports for SSS, Philhealth, Pag-ibig, Loan and tax deduction report are also automatically generated by the Payroll software and delivered by our company to the client at the end of every month for filing. Our experienced software development team can also automate the generation of any custom payroll report as required by the client. Automatic Processing of Final Pay: Resignation or termination from service of an employee leads our system to automatically process the final pay up to the last attendance date of the employee. The system computes final pay taking into account annually calculated deductions for tax and outstanding loans, and adding monetary benefits and allowances for bonuses and leave credits.

Keywords: Payroll Outsourcing

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