Payroll

It comprises of the following modules:
- Maintenance
- Time Sheets
- Payroll Generation
- Payroll Cancellation
- Payslip Corrections
- Reports
- Increments
- Restrospective Payments
- Interfaces

Key Features, procedures and best practices:
• Fully password protected for best security
• Fully complies with Cyprus Law and Authorities regulations
• The system handles for monthly and weekly payroll periods
• The system handles extra salaries (13th, 14th, 15th for monthly and for weekly payrolls)
• Parameter and rates menus enable on the fly change without programmer intervention
• The system provides the Time sheet facility for entry of variable amounts which may vary for
each payroll period
• The system can cancel the last payroll calculation and re-generate it
• The system prints payslips and cheques
• The system produces all the documents required by the authorities
• The system produces all the magnetic media files required by the authorities
• The system generates electronic files for bank transfers
• The system generates two (2) interface journals, one for the accounting entries and the other for
the cheques issued if this is the payment method selected
• The system caters for automatic increments according to data entered
• The system generates retrospective payments according to data entered
• The system calculates and reports on leaves authorized and taken
• The system keeps full audit trail for employee data modifications and payslip corrections