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Payroll outsourcing

Organizations chasing an aggressive growth strategy have lots of things to worry about. The least they would want to be bothered about are challenges related to some operational, yet mandatory processes, like running consistent and error-free payroll for its employees.

With 17 years of payroll experience serving diverse clientele, Paysquare, with its Significant investments in technology, is uniquely positioned to offer end-to-end services in payroll processing and payroll management. We offer complete outsourced payroll services, from basic payroll calculations, statutory compliance, facilitating transparent employee communication while ensuring complete confidentiality we do it all for our clients.

We are able to do this, leveraging our award-winning technology, proven processes and over a decade of expertise, exclusively focused on the payroll domain. We are committed to provid e hassle-free, accurate and timely payroll consistently.

Paysquare, through our highly customizable and robust back-end payroll engine, called 'Precision' we offer complete automation while offering managed payroll services to our clients.


PAYROLL PROCESSING

  • Maintain the master data of all employees containing personal and salary details.
  • Update onetime payment of incentives, bonuses, overtime, night shift etc as per input received.
  • Update one time deductions such as canteen, transport etc as per input received.
  • Update third party deductions such as Life insurance premiums, bank loan, co-operative society deductions etc. as per input received.
  • Update the loans, instalments, interest etc. and maintain the loan ledger.
  • Calculate the value of perquisites on account of Accommodation, furniture, concessional loans etc.
  • Handle complex transactions of manufacturing company payrolls like– Daily/ monthly/ apprentices/ trainee’s payrolls, DA index, Wage agreement related arrears, Bonus Calculation, Third Party payments, Minimum wages, different payout dates, Interim payments etc.
  • Journal Voucher in Required Format for Cost Booking.
  • Accurate Computation of Payroll Related Compliances.
  • Salary and Re-Imbursement Budgeting.
  • Provisional Journal Voucher/Tax Computations.
  • Manage entire full and final settlement of exist employee.
  • Document Scan, upload facility available, for CTC based reimbursement like medical, LTA, Fuel, Telephone etc.

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