The web based software is seen with great suspicion by majority of the users because they are not sure about its working in the real time scenario. The Standard Payroll software would first provide a demo version to the customers before proceeding ahead with the final purchase. There had been many instances in the past that has led to believe that one must careful evaluate its own requirements before embarking upon the search of that elusive payroll system. The accounting firms have studied the mid sized business in great detail and based on their common methodologies they have incorporated certain features into the software.
The first time user who has decided to use the web based version may have numerous question in his mind about the viability of the online tool. The above feedback became the set of FAQs for the visitors who come to the website of the companies that offer online financial product.
The most frequently asked question is definition of the employee insurance that appears in the final salary report. The government has made a rule in which if the employee is suffering from sickness or accident he gets an insurance cover that can prove to be a benefit for the citizen in time of any eventuality. Most of the new employees are not aware of the current income tax range so it can also be one of the questions on the website. The latest tax report says that from 0 to 150000 no income tax needs to be paid. Once it crosses the threshold you need to pay only 10% till it reaches the 300,000 mark and subsequently it becomes higher when you go up the ladder or when the salary increase. The visitors might also be interested as to what statutory facilities are mentioned in the payroll system or payroll software because the deductions are instrumental in calculating the correct salary. Therefore the inclusion of provident fund insurance and certificate of tax deducted at the source are very crucial to arrive at a conclusion.
Before the customer goes ahead with the decision to buy the Payroll software he might want to know about the special qualities of the software and how it would help in the smooth functioning of the human resource department. It is imperative for you to mention the leave and the attendance management module. The existence of the master and the transactional data cannot be overstated. The employee database belongs to the master category where as the salary process or the data becomes the transactional database.
Reporting is an integral process of the company and the users might want to know about the kind of information that is to be generated for the management to arrive at a particular decision. If the user is using an old payroll management system and he want to export the data to your system it is essential that your system must have the option of migration from one system because it would help in the easy usage and enable the customers to synchronize the data. There are many reports that might be generated month wise and it is one of the popular frequently asked questions. The printout of the salary statement can be mentioned in this regard. Apart from that the overtime bonus and the Bank statements of an employee are also released as an overall part of reporting.
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