What is payroll? Are you using Payroll Management System in your organization?

What is payroll? Are you using Payroll Management System in your organization?

When an employee provides services to his/her organization, some amount is paid to him as regard to his service for a particular period, this amount is consider as salary and the process for calculating is known as Payroll. Payroll provides the financial record.

Yes we use PMS in my present organization. PMS is complete Payroll software which consist all the information of employees of an organization from Employees Personal Information, Pay Structure, Loans, Reimbursement, Pay Slip Generation & Printing, etc. The standard formats for annual submissions of PF, E.S.I., and P.T. are also generated automatically in PMS.