Salary Statement Preparation & Automotive Payslip Generation

Dear HR Family,
I have been working for a telecom company as Executive-HR for last 6 months. i do prepare the salary statement in MS-Excel and providing the pay slips on MS-Word one by one.
Could you please help in - how can we generate the payslips along with the salary statement? is there any procedure for automotive pay slip generation along with Salary Statement?
As of now Our Company is not in a position to buy payroll software and all. So please suggest me that is there any short keys on MS-Excel to generate the payslips and prepare the salary statement at a time?
Regards,
Babu. P
Hyderabad.

Hello Mr.Babu
It is possible to prepare both the salary statement and Payslip process in Excel form.Here i am attaching the file hope it will be help U
with regards
lalita

Hi,
Use mail merge to get the payslips.You need enter the details in excel and prepare a payslip format in word and then do mail merge.You can generate 500 to 1000 payslips in 5 minutes.
Regards,
Ramanjaneya Reddy.G.K

Hi Reddy,
thank you so much for your suggestion. But i am not well aware of mail merge? can you plz explain about that? if i am not killing your valuable time...

HELLO..I think u should search YOUTUBE for the method of MAIL MERGE and you will find everything there in detail..hope this tip will solve your issue.