A Division Of Kelvin Institute Of Technology
Payroll management via software is more effective if the user of software has liberty
to save his/her company specific salary heads and employee specific salary structure.
HR Cube does so.
It provides interfaces to list down all salary heads (we have used the term salary
attributes instead of salary heads) and then, create salary structure of each individual
This is so easy to do when done within HR Cube.
As a company policy, employees may have option to ask for sanctioning loan of some
amount or ask for advance amount for personal or professional reasons. This scenario
is mostly observed in small and medium scale enterprises. Hence, software makes
an important space for inducing employee’s loan and advances management.
Based on choice, the interest over lent loan can be charged or waved off. If interest
is included, the system automatically calculates the simple interest and finally
amount to be recovered from employee after set time frame
Additionally, HR can record the expected Installment amount which employee has to
submit in process of loan repayment.
The repayment of loans and advances amount is managed in two ways
Most of the users of HR Cube around the world wanted to have one popular feature
to be included in the software; Employee Attendance Synchronization
with Payroll. So here it is. The new version HR Cube 2015 has taken care of employee
attendance sync with payroll calculation and salary slip generation.
To make this synchronizing method universal, an accepted & adequate attendance sheet
format is provided for HR Cube 2015 user. He/she can download the sheet, make relevant
entries in the downloaded Excelsheet and then upload it back into HR Cube. Here
is how downloaded attendance sheet will look like
The salary calculating function of HR Cube will automatically read the uploaded
attendance sheet values and make the calculations all by itself (Manual salary slip
calculation mode will still be there).
Let us list the reports available in software concerning payroll
Many a times you have asked to submit an informal report of what salary is paid
to employees in selected month(s) or year. This report is generally asked by CAs
or other financial management bodies. Also for automatic salary debit functions,
bank may ask you this report to know the amount of salary amount to be debited for
each employee, under account-to-account transfer process. Hence the idea of providing
such useful bank sheet is incorporated.
Along with pre-fixed salary structure of employee some variable amount may be awarded
in form of bonus or performance compensation, every now and then. Since it is variable,
the amount is entered at time of generating salary slip for an employee. The entered
amount is added in the Net salary for the employee and is printed on the salary