Tally Solutions announced a new solution to simplify the complexities faced by the HR department of the organizations. Tally?s ?Payroll module? which is completely integrated with the business management solution is capable of hassle-free payroll processing and also manages the accounting processes.
The Payroll module from Tally.ERP 9 doesn?t require any specialized IT/HR professionals to manage and deploy. Being a self-manageable and implementable solution, it can be installed deployed and managed by an accountant or any HR personnel of the company.
The payroll module provides flexibility to handle all complex payroll calculations like weekly, fortnightly, one-time, production based (e.g. piece rate) and time based (e.g. Overtime). It also covers relevant statutory compliances like PF, ESI, PT, Gratuity, Bonus etc.
Generating MIS reports across branches such as Head Count, CTC, tracking leave, attendance Employee Loans and the requirements to calculate arrears with both prospective and retrospective effects for all employees or selected employees is handled with ease.