PaySoft Payroll

PaySoft Payroll is a payroll cycle software designed to streamline and automate the payroll management process. According to the vendor, this software caters to businesses of various sizes, making it suitable for small and medium-sized enterprises. Professionals in the fields of Human Resources, Accounting and Finance, and other industries requiring efficient payroll management can benefit from the features and functionalities offered by PaySoft Payroll.

Key Features

Complete Payroll Cycle: PaySoft Payroll handles various aspects of payroll management, including daily attendance, leave, on-duty, and late attendance. It generates attendance reports and automates salary calculations, aiming to reduce manual errors.

Statutory Reports: This software generates necessary statutory reports required by government regulations, ensuring compliance with tax laws. According to the vendor, it includes features such as Form 16 generation for income tax purposes, simplifying the process of filing taxes.

Income Projection: PaySoft Payroll offers income projection functionality, allowing businesses to forecast future income based on employee salaries and other financial factors. This feature aims to assist in financial planning and resource allocation.

Full and Final Process: The software automates the calculation of final settlements for employees leaving the organization. It accurately calculates pending dues, gratuity, and other final payments, aiming to save time and effort in the settlement process.

Customization: PaySoft Payroll is flexible and customizable. Companies can tailor the software to align with their unique payroll policies, leave policies, and other HR processes, aiming to provide a personalized experience.

Attendance Management: This software provides comprehensive attendance management functionality, allowing businesses to efficiently track and manage employee attendance. It handles daily attendance, leave requests, on-duty records, and late attendance, aiming to facilitate accurate payroll calculations.

Vendor Connect: PaySoft Payroll includes a vendor connect feature that streamlines the material receipt process. It automates the material receipt process by scanning barcodes at the security gate, verifying the quantity of received items, and facilitating automatic bill booking, according to the vendor.