Payroll is the process of calculating the wages and taxes to pays its employees. The previous year, the payroll process is done manually. But now a day, even a small business also use the payroll software to calculate the employee’s payroll. Payroll software is the best option for managing the payroll system. Most of the SME’s prefers payroll management software for employee management and vexing tax authorities. Stages of the Payroll Process For best result in payroll, you have to do careful planning. So the entire payroll process divided into three stages. Such as Pre Payroll Activities – This stage includes the following process such as defining payroll policy, Gathering inputs, and Input validation Actual Payroll Activities – This staged process includes Payroll calculation process. Post Payroll Activities – This staged process includes the following process such as statutory compliance, Payroll accounting, Payout and Reporting Let we ...
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