Payroll feature in Tally ERP 9

Tally ERP 9 for mobile has been gaining huge popularity in the market since its introduction because of the excellent and handy features it has to offer to its users as well as for the ease of usage it provides. There have been different versions of the software and each one of them has proved to be very helpful. Another handy and excellent feature that Tally ERP 9 software has to provide is the Payroll feature that is again very useful for its users and is available in all the latest versions of the software.

The sum of the total amount of wages paid by a company to its employees is called payroll and is considered to be the key expense in any business as it covers the major part of the total expenses done by a company which is the reason why it is extremely complicated to manage. As processing payroll manually is time taking and a complicated process, it requires time and effort with resources to complete it and with the tally in mobile, Payroll generation and management becomes quite easy. 

Traditional  way of managing payrolls

As discussed above, managing payrolls is a very complicated task that requires a lot of time, effort and resources which is difficult to handle by many companies. This is the reason why most of the companies hire third party companies to manage their payrolls and outsource this complicated work to the professionals as it is a very simple and effortless task for the professionals as they do it for a number of companies on a daily basis. Payroll service providers manage tax obligations, generate and manage salary reports and prepare checks which saves a lot of time for the companies hiring them.

Payroll in Tally ERP 9 

Although payroll service providers manage everything with excellence and totally reduce the time and effort of the companies, they are not affordable which is why many smaller companies with low budgets and less revenue are not able to afford their services. This is where Tally ERP 9 comes to the rescue which efficiently manages the payroll by integrating the payroll module to the business management solution. With the help of this software all payroll related tasks can be accessed, managed and processed remotely from any part of the world at any time. 

This totally eliminates the need to hire professional payroll service management services as apart from saving a lot of time, everything is done at less than half a price of what the service providers charge. This is extremely beneficial for smaller companies where budget is a constraint as they allocate a dedicated resource to manage payrolls via Tally ERP 9 software. The software is extremely easy to install, use, organise and hence can be managed by any resource of the company. SOme of the salient payroll features of Tally ERP 9 are below

• With the integration of Tally ERP 9 with the accounts, it provides a simplified payroll processing
• Payroll module in the Tally ERP 9 generates a comprehensive report which are classified into different categories like Employees, groups, department, salary etc
• It provides user defined criteria for the users which are flexible and gives a variety of options to the users
• It provides with a facility to generate costing reports based on each employee
• With the help of Tally ERP 9 software, the payroll management is done in such a way that each employee gets the salary on time with the proper and precise deductions and contributions of employees with the help of predefined process