iPay 5.0 provides a complete payroll management solution for an organization. ipay 5.0 is used in automating and providing timely & accurate payroll processing for different types of employees in the organization. An organization can be benefited immensely by adopting ipay 5.0 for its payroll processing, thereby reducing Payroll Production costs & Administration overheads among others. The flexibility built into ipay 5.0 with exhaustible wage structures allows the organizations to meet all the necessary requirements with minimal customization.
Employee Maintenance
Facility to record Day & Shift-Wise Attendance, including Overtime (OT) attendance
Employee History reports are provided giving detailed information on Payslips, OT, Attendance, Increments, Advances, Refundables, Gifts, Expenses, etc.,
Employee Increment handling is considerably automated simplifying Employee pay hikes.
Provision to maintain the Employee's Image.
Attendance
Creating Employee Masters with detailed Employee Information maintenance Functionality to handle all operations for different types of Employees like Staffs, Labours, etc.,
User-defined Attendance settings can be maintained for recording the Attendance.
All possible Attendance statements are provided including OT attendance reports with special reports like Employee Continuous Attendance & Employee Consistency Attendance statements.
Salary Slips
Creating Salary Heads, Wage Structures, etc.,
Salary Head values in the Payslips can be derived from user-defined formulae. For any Salary Head the user can specify a formula if required, which will be applied in the Payslips. This is one of the highlights of iPay 5.0
Salary Applicability features are provided whereby the users can decide what Earnings & Deductions are applicable to their Employees.
Single-Window facility to raise Salary slips & OT slips for all employees.
Comprehensive Over Time (OT) handling features with the provisions to raise OT Slips separately or in combination with the Payslips.
Deductions & Statutories
User-defined deductions like LIC, RD, Canteen, etc can be maintained.
Handling of standard statutory requirements like PF & ESI including provisions for PF Forms (3A, 5, 6A, 10), ESI Forms (6 & 7) and Form 25 are available.
Refund of deductions is also provided.
Bonus & Settlements and Loans & Advances
Bonus & Settlements for employees is calculated either on their Attendance or Pay.
Salary Advances & Term Loans to Employees are maintained and are suitably reflected in the Payslips.
Other Features
Facility to maintain multiple Companies with multiple Users in each company.
Facility to maintain the Employee Gifts, Expenses & Opinions.
Complete flexibility is provided for recording the Company, PF, ESI & Bonus policies.
Data from Attendance Machines like Finger Prints; Swipe Cards based machines can be integrated into the iPay 5.0 database thereby preventing double entries.
