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Payroll Management

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Payroll Management

Genius Education management is designed to provide integrated tools for Payroll Management. It has all the features and functionality, which can manage and handle any School / College / University payroll structure. It has a smart prospect helps in automatically create tasks, release scheduled payments, generate reports/payslips, maintain and manage bills and a large number of payouts easily. It is easy to understand the complex financial calculations and also derives very significant function in corporate world, it enables sophisticated and more international platform for the global business and trade. In the recent years, digitisation has changed the world economic growth, thus payroll is one of the most profit acquiring module. It helps in analytics to understand the different payment methods that are used by various institutes.

Paying workers reliably and with no delays, certainly increase their confidence, also it emulates the organization's money related dependability. Additionally, it is a kind of necessity for maintaining with government and state laws. While this is an intricate procedure, having an effective framework streamlines and bring together the payroll method. The process alludes to the administration of an employee's monetary records which includes the salaries, compensation, bonuses and final net pay.

The payroll management is one of the most used software that has ever built for the corporate world, it creates a better solutions for different organization. They implement this system for the advancement of future organization goals. According to the survey conducted by Global Payroll, it stated that almost 60% of the organization implements the payroll management in their organization, as they understand the potentials of eliminating irregular paychecks and payment of tax from the top level authorities.

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This module includes the features like :

Salary Setting :
The School / College / Universities admin can manage the salary of each employee, with employee name, designation, pay head and amount paid to the employee as a salary, it can manage all the payroll activities of the institute with our Genius Education Management interactive system. Admin can also see the employee salary list with all the details like : name, designation, year, month, payment type.
Pay Head & Pay Type :
Display and manage master data type with the feature to add the different pay head, pay head name and method of payment by admin. It will show the list of payment type of payroll management, admin can also add other payment types in this module if needed by the authority.
Generate Pay Slip :
Generate pay slips and manage monthly/yearly reports. They can also generate the payslip for the different months and year. After all this process of paying the salary to the employees, it can also generate dynamic salary slips, with designation of the employees. Thus, it can create reports for salary slips sent to the employees.
Bank Connection :
Payroll management can sync automatically with employees bank, making salary tracking smooth and efficient. With bank sync, all the transactions will be naturally categorized, letting employee focus on what really matters. Thus it will help in direct transferring of salary into the employees account.
Reporting Tools :
Reporting Tool is a significant movement towards a better improvement of business intelligence and knowledge management. Many times, tools performance involves coordination with appropriate data while using reporting tools. It can be displayed in printable form or via emails. It can create various kind of customised reports which involves format that is in human readable report form.
Employee Salary :
In this feature, admin can add the employee salary with effect to the date of releasing the salary, he/she can view the name of the employee with their designation, date of joining, and the department in which employee is working. Admin can add, change or edit the employee salary list, and connect the account with their bank account. This will help the admin / principal to monitor the salary of each employee with all the details.

Genius Education management is developed and designed with the tagline "Enhancing Education System". It is user-interactive, flexible, easy-to-access and diversified platform, which can be embedded in all the generation devices.

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