How do we provide Payroll services?
Worried about fines and penalties? Can’t focus on pivotal business issues? Worry not, we got you covered. The brain storming process such as Payroll processing takes up a whole lot of staff and their time. Here at Yash Consultant, you get the best in class payroll service.
Since managing is a time –consuming duty like payroll processing has really proven to be a costly tasks for most businesses, there is a need for a third party to take up the job. So taking care of your burden, Yash consultant has a cumulative system of payroll management that comes with:-
- Easy and accurate calculation of employee salary distribution and payrolls on weekly, monthly and even annual basis.
- Time saving system of regulatory compliance along with data protection.
- Management of payrolls across foreign locations
When do you need a payroll service?
Big or small, developed or a start-up, every company needs a complete payroll service and might not wish to dedicate time, effort and resources for the same. In addition to this, almost every business today is moving towards adapting digital developmentto encourage efficiency when it comes to business growth.
Outsourcing a payroll service becomes a necessary when:
- Your company does not own an in-house finance monitoring team.
- Need a focussed and dedicated system of managing the payroll
- Your business is scattered internationally and could not afford to place payroll management in each location
- You couldn’t keep up with the related compliances and regulations
How can Payroll Outsourcing Benefit your Business?
Apart of time saving and cost efficiency benefits, Yash Consultant’s Payroll service could do wonders for your business. The service releases the burden off the payroll department’s shoulders and could help employees focus on more essential aspects of the business. The payroll service brings a transparency in the payment system as it clearly bifurcates the hidden costs, deductions etc.
- Range of end to end services, in addition to payroll induction for newly recruited employees; you get to finalize the relieving settlement of employees leaving.
- Unbelievably fast payroll processing service, alongwith the inclusion of reimbursement claims.
- We provide solutions while keeping all compliances, statutory deductions and payroll laws into consideration.
- A user friendly query management system to clear all doubts of the user.
- The efficient calculation of accurate timing and attendance, contributes a lot in managing the payroll
- Time to time management of leaves of employees
- Reports compilation and summary drafting related to earnings, taxes, deductions, leaves as well as non-taxable wages.
- Salary disbursement support and statutory compliance support
- Form 16 issuance to every working employee.
- Comprehensive MIS for routine and statutory report.
Major Advantages of hiring Yash Consultant for Payroll Needs
1. Guaranteed Accuracy
We provide you with the advanced technology that leaves no question of mistakes or discrepancies while calculating the payrolls.
2. Safe and Secure System
With our discrete and protected payroll management system, you need not worry about data breach issues. Our data is precious and essential to us, so you need to stay relieved of data corruption or leakage.
3. Pocket friendly Costing
Since our aim is your satisfaction and ease of use, we do not focus on charging you a lot for our service. At Yash Consultant, we charge you what the market states. We aim at committing to be your service provider for the long run and that’s why we process an amicable amount.
- ESS Portal, user-friendly query management
- Accurate time & Attendance calculation
- Leave Management system
- Attendance management system
- Maintains payroll information by collecting, calculating, and entering data.
- Prepares reports by compiling summaries of earnings, taxes, deductions, leave, disability, and nontaxable wages.
- Resolves payroll discrepancies by collecting and analyzing information.
- Maintains payroll operations by following policies and procedures; reporting needed changes
- Customized payroll processing
- Salary disbursement support
- Statutory compliance support
- Monthly Salaries and Benefit Processing including reimbursement
- Processing of Full & Final settlement for left employees.
- Issuance of Form 16 for every employee.
- Issuance of statutory challan –TDS, PF, ESI, PT, LWF
(Monthly / Quarterly /Half Yearly / annually)
- MIS – Routine and Statutory report
- Continuous updating & improvement
- Consultation on compensation structuring from the compliance perspective