Should I automate my company payroll process with a payroll software ?

Should I automate my company payroll process with a payroll software ?

Yes, buying a payroll software can help you calculate salary, overtime, bonuses, allowances, expenses and deductions for all personnel in the organization. Payroll software helps you to keep all the daily, weekly, monthly, yearly wages and taxes information for all employees. Just a few clicks, payroll reports are regenerated for annual income submission to IRAS and man power analyst to relevant department like Ministry of Manpower.

Payroll Software

Either Software as Service (SAS) hosted by Teambuild or hosting your own software in your own server, eHR payroll software has the functions to import the old or existing pay record to the new web-based payroll system. History records will be needed to calculate the additional wages CPF contribution and year end IRAS annual income submission.

End of each month or pay day, HR just click initialize payroll, then all the wages, allowances, OT, deduction will be computed. It saves your company a lot of money and time since it overtook the traditional payroll system like manual paper calculation, excel calculation like manual excel macro control to calculate the employee CPF and employer CPF, Skill Development Levy, and Social Donation.

What should a good payroll system possessed?

A good payroll system should be able to produce your employee payslip, CPF submission, bank GIRO text file on your payday by a simple click of button. All the backend task like pro-rate the employee salary, deduct unpaid leave, compute the employee and employer CPF, ordinary wages or additional wages computation, reimbursement, advance salary handling etc will be prorate and calculate correctly by payroll software.

ePayslip ?

Paper payslip are time consuming and can be costly to distribute. By nature of them being paper are not environmentally friendly. Once set up the epayslip, there are also significant time savings to be made not forgetting the fact that specialist payslip printing and sealing machines no longer need to be purchased and maintained. Reduce cost, less paper improve carbon footprint, securely communicate to your staff, 24/7 access from anywhere.

 

Automated payroll system provide the most organize, efficient and effective way of managing the overall financial control of a company. eHR Payroll system can be used by all kinds of companies, from Multi-National Company (MNC) to Small Business Enterprise (SME) or even small business owners.

 

payday
payday

Itemised Payslip

MOM Itemized Payslip Requirements

From 1 April 2016, all employers must issue itemised payslip to employees covered under the Employment Act.

eHR Payroll is a simple, smart and robust web-based payroll solution uniquely designed for Singapore SME or new business owners who have little or no experience in handling payroll for their employees. Itemised payslips can be automatically generated and delivered to your employees at a click. Your employees can view their itemised payslips securely via smart phone and web browser anytime anywhere.

Pay slips must include the items below, unless an item is not applicable.

Number Item description
1 Full name of employer.
2 Full name of employee.
3 Date of payment (or dates, if the pay slips consolidates multiple payments).
4 Basic salary : For hourly, daily or piece-rated workers, indicate all of the following:

  • Basic rate of pay, e.g. $X per hour.
  • Total number of hours or days worked or pieces produced.
5 Start and end date of salary period.
6 Allowances paid for salary period, such as:

  • All fixed allowances, e.g. transport.
  • All ad-hoc allowances, e.g. one-off uniform allowance.
7 Any other additional payment for each salary period, such as:

  • Bonuses
  • Rest day pay
  • Public holiday pay
8 Deductions made for each salary period, such as:

  • All fixed deductions (e.g. employee’s CPF contribution).
  • All ad-hoc deductions (e.g. deductions for no-pay leave, absence from work).
9 Overtime hours worked.
10 Overtime pay.
11 Start and end date of overtime payment period (if different from item 5 start and end date of salary period).
12 Net salary paid in total.

Our Payroll Software able to generate the MOM required Payslip.

Employee login to employee portal to view payslip.

HR also can email the payslip to employee.

Each email payslip by default is password protected.

payslip
payslip

 

Please refer to the MOM Website Link to understand more about on the Itemized Payslip requirements   http://www.mom.gov.sg/employment-practices/employment-act/amendments-to-the-act

 

On newspaper    Straits Times – Parliament Employment Act Aamended to make payslips and employment terms more

Straits Times – Changes to regulate payslips and employment terms

On TV
Channel News Asia – Singapore Itemised Payslips