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Tuesday 12 April 2011

What are the Reports to generate in Payroll

What are the reports available in Greytip Online?
Greytip Online has dozens of useful and necessary reports. The various types of reports are:
• Statutory reports for PF, ESI, PT, Income Tax, etc.
• MIS Reports
• Various payroll statements made using the Payroll Statement Designer
• Ad hoc queries designed using the Query Builder
See the complete list of reports available in Greytip Online.
Can I export the reports to an Excel file?
Yes. Greytip Online lets you export almost all reports to Excel, Word or PDF format.
Which are the reports to be generated after processing a payroll?
A number of reports need to be prepared after a payroll is processed. Some of them are:
• Reconciliation Report
• Salary Statement
• Payroll Transfer Statement (Bank, Cash, Cheque)
• Pay slips
• Accounting JV
• PF Reports
• ESI Reports
• PT Reports
• IT Reports
What is payroll reconciliation or gross reconciliation?
Payroll reconciliation is a process by which the payroll department compares the current month's payroll with the previous month's payroll in order to understand the reason for any differences.
What is Payroll Statement?
A Payroll statement is a report that tabulates various payroll components paid to all employees. The statement could be grouped by department, location, etc.
You can think of this as an Excel spreadsheet with one row per employees. Rhe columns are various salary components and each cell is the value of the component for the employee.
The payroll statement can be sorted on employee number, department, cost center.
What is accounting JV?
Accounting JV (Journal Voucher) is a report that is given to the accounts department, informing them on how much of salary is to be paid, how much of money is to be paid to each statutory department and how much of loan and other recoveries are done.
The accounts department will use this to update data in their software.
What is Cost-Center wise JV?
Cost Center-wise or Department-wise or Location-wise JV refers to a Journal Voucher that is generated Cost Center-wise or Department-wise. This means that there will be multiple JVs and each JV will refer to or contain data of employees in that Cost-Center or location.

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