Payroll management using tally ERP 9
Tally ERP 9
offers enhanced payroll management or payroll calculator with the automatic calculation of salaries
and pay slip generation. Payroll process is a series of accounting transaction that
deals with the procedure of paying employees for their services provided to
company after processing necessary deduction such as taxes, insurance premium,
employee benefit, garnishment and deduction. Payroll records content
information related to employees such as payment method details, statutory
details, passport and visa details. Tally calculate salary of employees using
two method i.e. manual method and autofill method and capable to print single
or multiple pay slip.
Payroll
feature is fully integrated with accounting feature and developed to maintain simplified
records. It also provide statutory reports and details such as pay slip,
payroll register, statement of attendance, overtime registers, gratuity and
other reports. It allow the user to make simple to complex accounting situation
to handle with easy way.
To use the
payroll portal in tally enable the option in company features back to gateway of tally go to
payroll info and maintain necessary details :
Employees group: it allow the user to enter the group
of employees according to department or specific fields of performances.
Employees : this head contains the personal
information of employees such as name, designation, passport etc.
Salary details : It defines the pay structure of
employees or their salary information.
Units of measures : It allow the user to create unites
for measuring the work done by employees in time and work format also known as payroll hours calculator.
Attendance/ production type : It allow the user to maintain
attendance and type of production to be concluded in organization.
Voucher type : payroll provides various voucher
type such as payroll, attendance and payment voucher to be used in transaction.
Pay heads : It is used to make components of
salary such as basic salary, house rent allowances, dearness allowances,
deductions etc.it basically contains the earning and deduction to be provided
to employees.
Income tax details: the income tax details to be
determined by applicable laws as per income tax act 1961.
Here is the
practical steps to be used while preparing payroll in tally ERP 9:
Step 1:
create a new company or select existing company by pressing alt+f3.
Step 2:
press f11 for company feature and enable the below option:
Maintain
payroll (yes)
More than
one category of payroll (yes)
Statutory
and taxation.
Payroll
option
Step 3 :
back to gateway of tally à go to payroll info. à Employees group à create: accounts, sales etc.
Step 4: back
from employees group à go to unites of measure à create: hours.
Step 5: back
from units of measures à go to employees à create : employees with their
personal details.
- Basic salary
Pay head type: earnings of employees
Income type: fixed or variable.
Under indirect expenses.
Calculations type (on attendance)
- Dearness allowance
Pay head type: earnings of employees
Income type: fixed or variable.
Under indirect expenses.
Calculations type: flat rate.
- Conveyance
Pay head type: earnings of employees
Income type: fixed or variable.
Under indirect expenses.
Calculations type: user defined
- Overtime
Pay head type: earnings of employees
Income type: fixed or variable.
Under indirect expenses.
Calculations type: production
Accordingly
user can create as per requirement other pay heads such as variable pay, bonus,
pf, ESI etc.
Step 7: back
from pay heads à go to voucher type choose alter then choose payroll go to
name of class and write pay slip/ salary slip.
Step 8: back
from voucher type à salary details à define date and enter required pay
heads then save details.
Step9: back
to gateway of tally à choose payroll voucher:
press conlt+f5 for attendance
press
conlt+f4 for payroll and choose pay slip.
Press alt+ A
for payroll autofill then choose user defined for determine details.
Again press
alt+ A for payroll autofill choose salary.
Step10: go
to gateway of tally à display à payroll report for pay slip.
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