Folklore Payroll - Overview
Folklore Payroll - is an accurate, fast, flexible and easy to use solution for management of employees Payroll. It handles a wide range of activities ranging from generation of Payslips, Reimbursement Management, Bank Transfers, Statutory Reports, JV Generation and others. Folklore Payroll can work as a stand-alone solution or can be integrated with the Folklore EDB module.
An overview of the features are given below:
Key Features
| Admin module | e-Payroll (Employee self-service) |
| Flexible Structure building capability | Online Payslips |
| Streamlined Data Entry | Reimbursement Payslips |
| Mass Entry and Excel Import Facilities | YTD Statements |
| Flexible Benefit Plans Module | Loan Details |
| Heads of Overtime, Canteen, Notice Pay, etc. | PF Statements |
| Loan Management | Reimbursement Statements |
| Comprehensive Reimbursement Management | Income Tax Statements |
| Complete Income Tax Module | Reimbursement Online Claims Workflows |
| Over-ride facility for components | IT Declarations |
| Pro-rata calculations | FBP Declarations |
| Comprehensive arrears calculation | IT Calculator |
| Final Settlement Module | |
| Processing is as easy as 1-2-3 | |
| Payroll Reconciliation Tools | |
| Electronic Bank Transfer | |
| Integration with Financial Accounting Packages | |
| Email Integration | |
| Powerful and Extensive Reporting | |
| Querying & statistical reporting tools | |
| Audit and Security |