NL Payroll

 

Next Level Payroll Management System

Put simply, a payroll management system is the process by which employers pay wages to their employees. It’s also how they demonstrate their commitment to their workers, fulfill their obligations to government agencies and keep financial records in order.

Why is payroll management important?

Payroll management is an important part of any business because it helps improve employee engagement and regulatory compliance. Without an efficient, accurate means of paying employees, depositing and filing taxes, and maintaining records, employers could face wage claims and expensive penalties.

Methods of payroll management?

Manual payroll management using spreadsheets

Employers with a few employees may opt to manage payroll using a manual method, such as spreadsheets. The potential cost savings, however, are usually outweighed by the pitfalls. Manual DIY processes increase the risk of costly mistakes and take time away from activities that drive business growth.

Payroll management software

High-quality payroll software saves time and alleviates administrative burdens by automating labor-intensive tasks. Employers can rely on it to calculate gross wages, deductions and net pay accurately, while allowing them to maintain some control over the process.

Outsourcing

Employers that are interested in taking payroll off of their plate entirely often engage an administrative services payroll provider or enter into co-employment with a professional employer organization (PEO). In arrangements such as these, all aspects of payroll administration – including tax deposits, reporting and compliance – may be fully managed by the provider.

HOW NEXT LEVEL PAYROLL WORKS ?

Next Level Payroll is linked with Attanance management module.

Attendance Management : Attendance automatically calculated based on biometric / Face Recognition devices. We can apply Early Comming, Late Comming, Early Going, Over Time / Extra Hour policy According to requrement.

Payroll Management : Wages are automatically calculated based on present schedule: daily, weekly, bi-weekly, or monthly. This is one of the main advantages of payroll management software. The module consolidates wage-related items like attendance, salary grade, benefits, reimbursements, leaves, advances, withholding taxes, terms, and policies, etc. to compute wages. Most solutions need only to be manually set up with your rules. Then the system takes over the payroll process. It can be customized along multiple pay and benefits structures and further configured for specific employees.

Thank You !
If you want to impliment this software feel free to contact us.