The Advance Payroll Solution for Dynamics 365 Business Central takes the standard payroll-related features of the ERP and mould it into a powerful yet easy to use Payroll processing tool. The solution provides a cost-effective way for organizations to utilize the Payroll and HR capabilities of Dynamics 365 Business Central to its full potential in a matter of just 6-8 weeks. 

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.
• Customizing the Payroll as per the requirement of the client or the 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.

 For more info visit: Folio3 Dynamics 365 Payroll or email dynamics@folio3.com