Payroll Processing in CloudOnex Business Suite
The Payroll Processing module helps you manage employee compensation efficiently and accurately while maintaining compliance with tax and regulatory requirements.
Setting Up Payroll
Initial Configuration
- Navigate to HR → Payroll Settings
- Configure basic settings:
- Pay period frequency
- Payment methods
- Tax calculations
- Currency settings
- Default working hours
- Overtime rates
- Statutory deductions
Salary Components
Set up different payment components:
- Basic salary
- Allowances
- Bonuses
- Commissions
- Overtime pay
- Benefits
- Deductions
Processing Payroll
Pay Period Setup
-
Define pay periods:
- Monthly
- Semi-monthly
- Bi-weekly
- Weekly
-
Set important dates:
- Pay period start/end
- Processing deadline
- Payment date
- Tax filing deadlines
Running Payroll
Step-by-step process:
-
Initialize Pay Run
- Select pay period
- Choose employee group
- Verify attendance data
- Check leave records
-
Review Calculations
- Basic pay
- Overtime
- Allowances
- Deductions
- Tax calculations
-
Approve and Process
- Review total payroll
- Verify calculations
- Approve payments
- Generate pay slips
Salary Components
Earnings
Configure various types of earnings:
- Base salary
- Housing allowance
- Transport allowance
- Meal allowance
- Performance bonus
- Commission
- Overtime pay
Deductions
Manage different deductions:
- Income tax
- Social security
- Insurance premiums
- Loan repayments
- Voluntary deductions
- Pension contributions