AccountStudio ERP software makes personnel and payroll accounting easy and fast

AccountStudio payroll and personnel accounting

Functionality connected with calculating and paying salaries and wages as well as record-keeping of working hours, holidays and other related things have been put together in the payroll and personnel module. The module is connected with the central module of financial accounting, which means that calculations and payments of salaries and wages, holiday pays and other things are automatically recorded in respective registers. Calculation of salaries and wages is performed automatically according to the written sets of rules, and the system makes files of payment order for the banks.

Capacity and granularity of Account Studio payroll accounting module make it special. The more employees a company has, the bigger is the software’s role in making the accountant’s work quicker and easier. All the relevant information is automatically transferred from payroll accounting programme to accounting programme. Rules for paying salaries and wages can be set in utmost detail: from which account to which employee money should be transferred, sums can be calculated in different foreign currencies, payment types can be set out (employment contract, performance-related salary, member of the Management Board, etc), holiday reserves are calculated automatically.

Advantages of AccountStudio payroll accounting and personnel module

• Flexible formation of payment calculation schemes enables the accountant to work faster and more accurately.
• Calculation of personnel, holiday pay, holiday reserves and sick pay is performed automatically, which saves time.
• Files of payment orders and finance entries are made automatically, which cuts the amount of work.

Main functions of AccountStudio payroll and personnel module

Flexible description of salary and wage rates and packages: it is possible to make appropriate rules of salary and wage calculation for jobs and posts and then based on these, calculate salaries and wages for one or several persons. Calculation may be performed from the easiest fixed monthly salary to complicated tariff systems of time and piecework. Tariffs, which are taken for the basis for calculation systems, can be created in an unlimited number and they can be managed centrally.

Calculation of working hours: a thorough system in compliance with all the laws for calculating working hours, etc. It can be integrated with entrance systems.

Calculation of holiday: calculation of holiday and holiday pay.

Preparation of files of payment orders for paying out salaries and wages and sending them to the bank: preparation of files for making payments and sending them to banks. It is easy and convenient to arrange payments in full or partial amounts, incl. using different bank accounts.

It can be integrated with other modules: all calculations and payments of salaries, wages and other fees and provisions are entered in registers of financial accounting on the basis of flexible entry schemes.