Payroll System is a flexible compensation administration solution. It is designed to help human resource professionals as well as finance and accounting personnel to manage employee compensation, deductions, allowances, and benefits in an organization. The system is integrated with the Employee Information System, offers efficient features and functionalities to manage company's expenses.

Our Payroll System is a full-featured system that manages financial information of every employee in an organization. It computes and processes the payroll of a certain payroll period. Being formula driven, payroll elements and their computations can be defined. The system is well integrated with the Employee Information System to provide detail information. Moreover, the system provides powerful environment for comprehensive project accounting, it also captures transactions tagged by projects or cost centers, thus, facilitating the viewing of account balances across projects or cost centers.

The features of the Payroll System are as follows :

	Calculates Regular and Special Payroll: A Payroll Master list which supports weekly, semi-monthly, monthly pay periods. Also supports special payment periods like bonuses, etc
	Allowances and Deductions: Computes employee benefits like bonuses, commissions and allowances
	Process and Monitor Employee Loans: Calculates and monitors employee loans
	Calculates Overtime: Integrated with Time and Attendance and Employee Information System modules to calculate employee's overtime and deductions for specific payroll period
	Employee Contribution Tables: Automatic calculation of government mandatory deductions like SSS, PHIC, HDMF and BIR tax rates
	Generates Payroll Register and Payslip: Generates payslip of each employee with all payroll details
	Report Generation : Generates various Payroll reports