Whether you are starting from scratch or looking to refine your existing payroll system, this tutorial will guide you through each step with clarity and precision. Payroll management is crucial for maintaining accurate and timely employee compensation, compliance with regulations, and ensuring overall organizational efficiency.
Below, we've broken down the process into key components to help you tailor your payroll system to meet specific requirements and standards.
Topics Covered:
How to Set up Pay codes? Learn how to create and manage different types of pay codes, including Earnings, Deductions, and Loan codes, each essential for precise payroll calculations.
How to Set up OT Rates? Determine and apply the correct overtime rates according to labor laws and company policy.
How to Set up SSS Calculation? Configure the calculations for Social Security System contributions to ensure compliance with government mandates.
How to Set up PHIC Calculation? Step-by-step instructions on setting up Philippine Health Insurance Corporation contributions.
How to Set up HDMF Calculation? Detailed guide on calculating contributions for the Home Development Mutual Fund.
How to Set up Payroll Cut offs? Define and apply cutoff dates for payroll processing to ensure timely payment and record-keeping.
How to Set up Payroll Categories? Organize employees into categories for streamlined processing and management of payroll.
By the end of this tutorial, you'll have a well-rounded understanding, and the tools needed to manage an effective payroll system. Let's get started!
After you have set up Payroll, you can now process payroll. Read below: