Payroll is defined as an accounting function which undertakes the salary management of employees. Putting the payroll in place is not only essential as well as critical for the overall functioning of any company.
Clock HR is a complete solution for processing and managing payroll. It automatically processes payroll of all your employees. You have to design and arrange payroll rules of your company and then leave the rest to payroll management module of Clock HR.
Clock HR combines the payroll function and acts as a foundation to integrate all systems, processes and service providers. The payroll management module works on the financial facet of employee's remuneration, allowances, deductions, taxes, etc as well as generating the payslips for a specific duration.
According to your payroll policies, you can create and develop your own payroll heads, specify your own payroll formulas as well as organize multiple payroll structures. The power of payroll software allows businesses to be fully in control.
Clock HR customizes the pay slip of employees and shows the information that they want.
Clock HR automatically manages, organizes and recovers repayments of loans in installments from the employee's salary. The software also calculates the value of a loan and advance repayment with interest.
The payroll management module of Clock HR is incorporated with working hours, attendance and leave, which enables you to develop payroll formulas.