Is your company based in Chennai? Are you searching for a payroll system to simplify your payroll management? If your answers were YES, you are certainly at the right place.
When searching for payroll software in Chennai, you should consider the following five factors:
- State Laws
Every state has its own laws that have to do with wages and hours of work. For example, some states have daily overtime, while others require an overtime payment after 40 hours per week. Many payroll systems offer payroll calculators that make it easy to determine how state laws apply to your company. Find one such system.
- Company Size
Payroll software can range from simple and inexpensive to comprehensive and expensive. A payroll system that is not compatible with the size of your company may be more trouble than it's worth. So, estimate payroll hours and payroll taxes in order to determine the time and money it will cost your company.
- Special Pay Rates
If you have employees with special pay rates, such as straight-time for non-overtime work or an incentive rate for salespeople, look for a payroll software in Chennai that simplifies all your payroll calculations.
- Exempt vs. Non-exempt Classification
Payroll software uses different approaches to meet the guidelines of federal and state laws guidelines that determine whether employees are exempt or non-exempt from wage, hour, overtime, and payroll taxation requirements. Therefore, find a payroll system that calculates payroll hours based on salary or hourly rate, and others look at factors like bonuses, commissions, or payroll hours.
- Integration with Accounting Systems
Payroll is part of the financial management of a business, so your payroll software should integrate easily into your company's general ledger and financial reporting system. Payroll software such as HROne not just simplifies payroll management but also integrates with 15+ third-party systems.
Hope we helped you.
