HR & Payroll Concepts

What is Payroll Processing?

Name: Infonoxe Technologies
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Payroll Processing: Payroll Processing is the systematic calculation and disbursement of employee salaries, including all earnings, statutory deductions, and employer contributions for a pay period.

Payroll Processing Steps

1. Lock attendance for the period. 2. Process leave without pay (LOP). 3. Process loans and advances. 4. Run payroll (generate salary slips). 5. Verify payslips (spot-check for anomalies). 6. Generate bank payment file. 7. Make statutory payments (PF, ESI, TDS). 8. Distribute payslips to employees. 9. File statutory returns.

Payroll Processing in ERPNext

ERPNext's Payroll Entry batch-processes all salary slips in minutes. Automatic formula calculation handles all salary components. The Bank Payment Export generates the NEFT file for your bank portal. The Payroll Summary report provides a complete breakdown by component for verification before payment.

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