And much more...

Here is a collection of the many other great features that only Folklore Payroll provides:

Over-ride facility for components

• For a certain employee, for a certain salary component (say HRA), you can apply an override for a certain period of time.
• Irrespective of the computational logic or input data for that employee & salary component, the override value always gets precedence. This is a extremely useful and poweful feature to handle ad-hoc and messy situations that life throws at you.
• An audit log of all such overrides on a component is maintained.
• Import data from an excel spreadshett to override values for a set of employees en-masse
• Mass override facility available for a given set of employees

For example, imagine that for the first two months of the financial year you want to deduct the same income tax as was deducted for each employee as in February. Later you want the system to do the proper income tax computation. In Folklore Payroll, doing this is a simple, two-click process.

Pro-rata calculations

You can perform pro-rated calculations of any payroll component. Facilities are available to enter the number of days of loss of pay (LOP) for each employee to enable pro-rata calculations. You can also do a mass-upload of the number of days of LOP by importing from an excel spreadsheet or a text file.

Salary Register

User configurable Salary Registers with export to Excel facility. Payroll Transfer Statements with Bank Transfer statements of various Banks available.

Electronic Bank Transfer

Bank Transfer statements of all major Banks can be generated in a text file in a format specified by the banks. The statements can be generated both for Regular and Reimbursement components.