How to add a payroll item?

What is PayrollPanda?

PayrollPanda is an online payroll software designed to simplify and automate the payroll process for businesses. It provides a comprehensive solution for managing employee data, calculating payroll, generating pay slips, and ensuring compliance with tax and statutory requirements. PayrollPanda aims to help businesses of all sizes streamline their payroll operations, save time, and ensure accuracy in payroll processing.

Who is it for?

PayrollPanda is for businesses, particularly small and medium-sized enterprises (SMEs), seeking to simplify their payroll management. It is suitable for businesses from various industries that want to automate their payroll processes, reduce manual work, and ensure compliance with payroll regulations. PayrollPanda caters to businesses that may not have dedicated HR or payroll departments and need an efficient and user-friendly payroll solution.

How does PayrollPanda work?

PayrollPanda works by providing a cloud-based platform for end-to-end payroll management. Users can easily enter employee information, such as basic details, salary components, and tax deductions, into the system. PayrollPanda automatically calculates payroll based on the defined parameters, such as salary, overtime, bonuses, and statutory contributions. The platform generates pay slips that can be accessed by employees through their personal accounts. PayrollPanda also handles tax calculations and submissions, statutory payments, and generates reports for internal record-keeping and compliance purposes.

How is PayrollPanda used?

PayrollPanda is used by businesses to simplify and streamline their payroll processes. Users can set up their company profile, add employee details, set up salary components, and define any allowances or deductions. Once the information is in the system, PayrollPanda can generate accurate monthly payroll calculations and generate pay slips for employees. The platform also handles statutory deductions and contributions, such as EPF, SOCSO, and EIS, ensuring compliance with local payroll regulations. PayrollPanda provides dashboards and reports for users to monitor payroll costs, track leave balances, and generate statutory reports. By using PayrollPanda, businesses can save time, reduce errors, and focus on other critical aspects of their operations.

See a quick interactive demo about PayrollPanda