Usually the payment roll of a company is a hard work, since it consumes a lot of time and resources from the accounting department. There is too many data to analyze, like sick days, holidays, ordinary time, salary, deductions, free deduction incomes, and more.
With MYOB Payroll software, the user will easily setup the company’s payroll without worrying if there are only two employees or a thousand. For starters, the user will have to enter all the relevant data like name, birthday, tax rates, average hour income, days of the week to be paid, among many others. To do this, the user will only need to click the maintenance button at the top of the interface and then select "Maintain department", to add the new departments of the company, and then "Maintain employees", to add the information of each employee.
Once the data is captured correctly, the user can choose to either modify the pay codes or proceed to enter the payment details. By generating a payroll in the described manner, every other step is made through the program’s interface by clicking different buttons or selecting the commands in the top menu. This makes the work flow very fast and easy. This way, the accounting personnel will spend just a few minutes to setup the payroll. Users can also import existing data as a txt file, so their work will be even easier.
With the data loaded, the user can choose to print it or generate reports to track the progress of the payments, the cash flow, credits, unattended days, vacation periods, deductions, and all that stuff.
The program is designed to meet all the tax and regulations in New Zeland, but it can easily be modified to meet the regulations of most countries.
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