I know payroll hr sees this section,but i really don't know what's the process while preparing and after filing.
How many days he/she could work for preparing salary process for employee and what next?
Who send money(transfer money to their bank a/c's) to employees?
If payroll hr did everything,then what's the work of accounts & financial officers?
and who pays to that hr?he/she should do himself/herself?
I want to learn and sorry if you think this is a baby type question?
From India, Pune
1How many days he/she could work for preparing salary process for employee and what next?
Who send money(transfer money to their bank a/c's) to employees?
If payroll hr did everything,then what's the work of accounts & financial officers?
and who pays to that hr?he/she should do himself/herself?
I want to learn and sorry if you think this is a baby type question?
From India, Pune
Fianance and accounts deprtt. works on "financial budget" in 1 word. HR approvs the HR related compliances from salary to exit F&F settlements.
HR prepares salary based on attendence , head count. HR Does all addition to gross and all legal deductions for net salary.
Lateron legal compliances to be done as per prescribed dates. All these lead to HR-accounting and budgeting.
From India, Ahmadabad
HR prepares salary based on attendence , head count. HR Does all addition to gross and all legal deductions for net salary.
Lateron legal compliances to be done as per prescribed dates. All these lead to HR-accounting and budgeting.
From India, Ahmadabad
explain in detail.
I had worked in a job before my pg and then they gave me a debit card and i got monthly salary direct to bank. But i don't know who sees this step of depositing salary into employee a/c's and how much part of payroll-hr and accountants there were.
From India, Pune
I had worked in a job before my pg and then they gave me a debit card and i got monthly salary direct to bank. But i don't know who sees this step of depositing salary into employee a/c's and how much part of payroll-hr and accountants there were.
From India, Pune
In payroll process below mentioned tasks are to be performed by HR Department:
1) Calculate employees salary for the current Month
2) Share the figures of salary amount with Finance Department
3) Coordinate with bank for salary transfers i.e Salary papers & salary cheque
4) Coordinate with bank for Fall-out report with a copy to finance department
5) Confirm with finance department whether the fall out amount is credited back to Company Current Account
Dolly Chanana
From India, Delhi
1) Calculate employees salary for the current Month
2) Share the figures of salary amount with Finance Department
3) Coordinate with bank for salary transfers i.e Salary papers & salary cheque
4) Coordinate with bank for Fall-out report with a copy to finance department
5) Confirm with finance department whether the fall out amount is credited back to Company Current Account
Dolly Chanana
From India, Delhi
Dear Babu,
Fall report is a mail interaction shared by bank relationship manager/ point of contact from bank after salary transfer. This report contains details of unsuccesful salary transfers. Point 5) is also a mail exchange between Finance & HR Department.
For 3) you can have excel sheets & for transfer letters you can draft a letter with instruction to the bank for tranfer. Please note that the salary transfer sheets are required to be saved & filled carefully on monthly basis as the same information might be required for Audit.
Regards,
Dolly Chanana
From India, Delhi
Fall report is a mail interaction shared by bank relationship manager/ point of contact from bank after salary transfer. This report contains details of unsuccesful salary transfers. Point 5) is also a mail exchange between Finance & HR Department.
For 3) you can have excel sheets & for transfer letters you can draft a letter with instruction to the bank for tranfer. Please note that the salary transfer sheets are required to be saved & filled carefully on monthly basis as the same information might be required for Audit.
Regards,
Dolly Chanana
From India, Delhi
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Salary-Note.doc
SALARY SHEET CALCULATION.xls