The Advance Payroll Solution for Dynamics 365 Business Central takes the standard payroll-related features of the ERP and mold it into a powerful yet easy to use Payroll processing tool.
Deliverables
- Determining the scope of implementation and how many resources will it require.
- Full-time & Part-time employee payroll processing. Salary calculations, deductions, commissions, Provident fund, etc.
- Default, leaves, termination, retirement, bonuses, traveling allowance, commission, and ad hoc allowances and deduction calculations.
- Automatic calculation of Payroll based on attendance and time worked.
- Accounting for the loan and automatically creating a payout structure.
- Payroll setup for multiple countries with different currencies. Includes currency converter, payroll schedule, time mapping and more.
- Create and manage Tax Authorities and Tax Tables by authority, process tax calculations as per income tax law, make tax adjustments, manage tax rebates based on investment in Mutual Fund/other funds/ Insurance and calculate tax deduction on cash withdrawal and utility bills.
- Customizations as per Tax/labor laws of the country.
- Payroll flat files for bank disbursements that comply with various banks in specific countries' requirements.
- Cloud-based rich set of reports to visualize the payroll data with different perspectives including, payroll summary, tax register, benefits summary, bank disbursement, financial impact reports.
Pricing: The pricing is based on the deliverables and the customizations, modules and applications that are required by the customer.
For more info visit: Folio3 Dynamics 365 Payroll or email dynamics@folio3.com