HR assets may not show up on the balance sheet, but we can all agree they are a company’s most valuable and crucial assets. Seamless execution of Payroll without any hiccups or discrepancies guarantees everyone wins. Weekly, bi-monthly, monthly – let us take care of the bookkeeping for your Payroll. Here’s what we can do for you
- Collect and maintain time-sheets. Attendance tracking and reports
- Compute wages, salaries, benefits and taxes. Factor in leaves, overtime and any other deductions and allowances.
- Compute additional pay such as bonus, commissions, special incentives, reimbursements etc
- Compute, record and verify appropriate taxes and deductions such as income tax, social security contributions, health insurance and dental premiums, and all other authorized deductions from the employee’s pay.
- Record reimbursements, T&E, corporate credit card transactions to the appropriate ledgers. Review for accuracy.
- Classify compensation, benefits, T&E, to the appropriate cost centres and/or departments wherever necessary.
- Review, verify and cross-check the payroll calculations to identify and rectify any errors all the while ensuring compliance with company policies and labor laws.
- Line up the Payroll for approval and processing routinely.
- Distribute payslips wherever required
- Track and maintain W2 database
- Payroll, Tax, Time-off, Pay Master, Pay Register, Departmental Summaries and Reports