Preparation of Salary Bill:
The preparation of salary bill should provide for the following:
1. Maintaining payroll related data such as Employee No., Name, attendance, Basic Pay, DA, and other allowances, deductions to be made etc.
2. Periodic Payroll Computations: It includes the calculation of various earnings and deductions.
3. Preparation of salary statement and employee’s salary slip.
4. Generation of advice to bank:
It contains the net salary to be transferred to individual bank account of employees and other salary related statutory payments such as provident fund, tax, etc.