Thread Started by #Paysquare

I take this opportunity to introduce to you,PAYSQUARE which provides an end-to-end payroll service.
Payroll Management
Enumerated below are the range of activities carried out as a part of Payroll Management:

Activities
  • Monthly Master Calculation based on Attendance
  • Arrears Calculation
  • One time Payment & Deduction
  • Overtime, Leave Encashment, Shift Allowance, Gratuity, Superannuation, Bonus Calculation
  • Reimbursement Tracking & Processing
  • Income Tax, PF, PT, ESI, LWF Calculation & Deduction
  • Employee loan related calculations
  • Employee perquisite calculation
  • Investment & Flexi-basket declarations
  • Hard furnishing Scheme Administration
  • Third Party Payment Calculation
  • Full & Final Settlement
  • Administration of Employee Reimbursements
    • Facilitation & computation of reimbursements linked to CTC of employees
    • Vouching of Reimbursement documents/bills
    • Information to Clients' employees regarding status of claims
    • Tracking of Accruals, Bill submissions, Payouts and Balances
    • Tracking LTA blocks
  • Year End Income Tax Proofs
    • Facilitation of proof submission online
    • Help desk services at client location to enable their employees to submit proofs
    • Verification of proofs and incorporation in payroll
Reports
  • Employer Reporting
    • Monthly Pay Register
    • Provident Fund Deduction Report/Advice
    • TDS Advice
    • Professional Tax Advice (State Wise)
    • Labour Welfare Fund Advice (State wise)
    • ESIC Deduction report (Location wise)
    • Payroll Summary reports
    • Loan reports
    • Tax Register
    • Variance Analysis
    • Net Pay Reconciliation
    • Bank Advice for Salary Credit
    • Headcount Reconciliation
    • Reimbursement Reports
    • Financial JV compatible with accounting package of the client
    • Meal Voucher Procurement & Distribution Reports
    • Third Party Payment Reports
    • Any other reports as per Client requirements
  • Employee Reporting
    • Monthly Payslip
    • Monthly Income Tax Statement
    • Loan Payslip
    • Reimbursement Balance Report
    • Leave Balance Report
    • CTC Report
    • Annual Payslip
    • Form 16 / Form 16A
Employee Self Service Portal:
ESS is a unique employee self service tool which is provided by Paysquare to the employees of Client Company. Clients’ employees would be given a unique ID and Password for accessing the data pertaining to them via internet.

The employees can access the following:
  • Monthly Payslips and Tax sheets
  • Online Tax Simulator
  • Issue Base
  • Polling
  • Annual Payslip
  • Reimbursement Summaries
  • Declaration of Flexi Basket
  • CTC Reconciliation
  • Leave Balance Report
  • Admin Login

Statutory Compliances
Enumerated below are the range of activities carried out as a part of Statutory Compliances:
Activities
  • Registration of the company with Income Tax, Provident Fund, Professional Tax, Employee State Insurance, Labour Welfare Fund Authorities
  • Calculation & Deduction of the respective statutory dues
  • Employeewise Statutory dues reporting to the Client
  • Preparation of Challan and remittance of the dues in bank
  • Preparation of Monthly, Half Yearly, Annual and random returns
  • Collation and compilation of employees' docume
  • nts for Registration, Nomination, Transfer, Withdrawal and Pension
  • Submission of Management and Employee related documents/returns with the respective statutory bodies
  • Liaison with Statutory bodies
Reports
  • Income Tax
    • Quarterly eTDS returns
    • Annual eTDS returns
    • Form 27A
    • Form 16 along with Form 12BA and Annexure (Digital/Manual Signature)
  • Provident Fund
    • Form 2 - Nomination Details
    • Form 5 - List of New Joinees
    • Form 10 - List of Resignees
    • Challan (Account No. 1-2-10-21-22)
    • Form 12A - Reconciliation of Monthly payable and paid amounts
    • Form 3A - Personwise Annual Return - Individual Contribution Card
    • Form 6A - Consolidated Statement of All PF Subscribers for Current Financial Year.
    • Yearly Reconciliation of payable and paid amount - In prescribed format
    • Employee PF Transfer - Form 13
    • PF Withdrawal Forms - 19
    • Pension Withdrawal - 10C
  • Professional Tax
    • Monthly Return cum Challan
  • ESIC
    • Form 1 - Nomination Details
    • Monthly Challan
    • Form 6 - Half Yearly Return
  • LWF
    • Return Cum Challan - A1
kindly contact at 9 9 0 8 0 0 3 1 1 1
5th July 2011 From India, Hyderabad

Attached Files
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File Type: pdf PAYSQUARE Presentation.pdf (517.3 KB, 222 views)

Pl find the below points which recommends payroll outsourcing.

1. Payroll is non-core activity for your organization but is core activity for PAYSQUARE and is being managed by CAs/CSs/MBAs for error free services since 2000, managing payroll for 200+ clients and 70000+ employees across India. High level of internal controls reduce risk of errors. Adherence of best business practices developed and honed over a decade of service delivery

2. Cost effective: Hiring quality resource is a little bit tough and work efficiency should also be monitored to avoid errors within bounded time lines. Leave and Attrition problems would also be there. You don’t need to monitor sub ordinates to evaluate their work done and there is no other sunk costs like infrastructure and software teams to monitor the process.

3. Webaccess: at any point of time, you can access 24 months data pertaining to each and every employees’ incentives, salary, etc. Complete payroll data is managed, online and could be accessed by the employees and management. User friendly and extensive self service tool improves client employee experience and hence retention.

4. Reports to Management: 43 standard template reports would be provided to you to facilitate your work including critical/mandate reports like Payroll Journal Vouchers (JVs), Variance reports, etc. and other required reports can also be provided to you as per your requirement.

5. Time bound Payroll Processing, Reporting, and Query resolution.

6. Complete Confidentiality of data.
5th July 2011 From India, Hyderabad
We at Paysquare, provide this service at a cost, much lesser to what a business entity has to incur either by processing the same in-house or by availing this service from elsewhere without compromising on the quality. Corporate find this as a cheaper and more efficient approach rather than buying the Payroll Software and then employing staff for creating and managing salaries. In this approach the overheads of maintaining the software and having it modified every year as per the latest Financial Bill is avoided by the client.
kikndly contact at 9 9 0 8 0 0 3 1 1 1 / 8 0 0 8 7 0 7 1 1 1
5th July 2011 From India, Hyderabad
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