Payroll is an integral part of a business for legal and financial reasons. It is far more than just issuing payroll cheque. It includes filing and withholding taxes and handling deductions like Pension, National Housing Fund (NHF), National Social Insurance Trust Fund (NSITF), and Union Dues. And payroll tax is topmost financial burden among small firms and it is as well difficult to administer. Because of legal and ethical factors, it is important that a business keeps a precise record of its payroll.

Our Enterprise Payroll System is borne out of the need to help businesses to have accurate and consistent payroll. In that way, they would be paying employees accurately, withholding the correct amount of taxes and have a better understanding of their cash flow.

FEATURES OF ENTERPRISE PAYROLL

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For over 5 years, I have implemented QuickBooks for more than 152 companies under Retail, Manufacturing, Oil & Gas, Real Estate & Construction, Travels, Hospitality, Corperatives, NGOs, Financial & Service Sectors.
  • Mbaire Services Nigeria Ltd(Construction)
  • Future Assured(NGO)
  • Doheney HR Services(HR)
  • Biddel Oil & Gas Limited (Oil & Gas)
  • System Intelligenz Limited(Contractor)
  • MagTech Information Security (IT)
  • Infusion Cakes Nigeria (Bakery)
  • Landmark Centre (Event Centre)
  • Mountain Ice Travel & Tour (Travels)
  • BTS System (Service)
  • Logos Travel Support & Solutions Ltd (Travels)
  • Germaine Auto Centre (Autos)
  • BD Consult (PR)
  • Starlight Nigeria (Retail)
  • Temple Private School (Education)
  • C. Charles Resources Limited (IT consulting)
  • Adeniyi Coker Consultants Limited (Real estate and construction)
  • The Nigerian Economic Summit Group (NGO)
  • Value Mart Supermarket (Retail)
  • Transweb Bureau De Change (Financial Service)
  • Wakanow Travels (Travels)
  • Vektro Food Limited (Manufacturing & Retails)
  • Orient Petroleum PLC (Oil & Gas)
  • Plus More

Among others, features of the Enterprise Payroll include the following.

  1. Capture of Organization Profile Information

This includes company name, location, phone number, email, website, motto, registration number (RC), registration date, brand image and base currency.

  1. Capture of Employee Bio Data

Such as first name, middle name, last name, date of birth, gender, title, passport photograph, state & country of origin, next of kin, bank information, drivers’ license, national ID, international number, personal email and phone numbers.

  1. Capture of Employee Corporate Information:  Employee code, category, system role, joined date, and state of residence.
  2. Capture of Employee Job Information:  Data items such as employee’s branch, department, unit, and designation
  3. Employee Contact Information: Permanent address and mailing address.
  4. Employee Statutory Information: Pension, PAYE, NHF, NSITF, Voluntary Pension and Life Assurance
  5. Employee Salary Information: Employee grade, salary template, salary advance, additional allowances/deduction, expense reimbursement, recurring allowance, and involuntary deductions (like union dues and cooperative societies).
  6. Computation of PAYE (Pay As You Earned Tax):  PAYE computation is fully compliant with Nigerian Personal Income Tax Act (PITA) 2011 Amendment. Tax implications of pension, benefit-in-kind (BIK), NHF, NSITF, GLI, Voluntary Pension, and Life Assurance Premium are well considered and taken care of.
  7. Pension Contribution Scheme Management: It manages employee pension contribution, employer’s contribution to pension, and additional voluntary pension contribution
  8. Reporting: Reports include employee profile data report, Salary schedule, Bank payment schedule, Payslip, PAYE report, Pension report, NHF & NSITF reports  
  9. Security: Role-based access control and employee-self-service
  10. Exporting: Data and reports can be exported to PDF, Excel (XLS) or Word (DOC) document format
  11. Accounting Software Integration: Integration with QuickBooks is available. Integration with other accounting software or in-built accounting general ledger is on special request.
  12. Integration for Time Attendance Device
  13. Data Migration Assistant
  14. Other Features
  • Unlimited payroll allowance/deduction types
  • Unlimited number of employees
  • Expatriate tax management
  • Locking payroll after a process.
  • Approval workflow setup
  • Web-based; Accessible anytime, anywhere
  • Extensible, customizable
  • Followed best practices
  • Used latest and first-class technologies.
  • Mature platform with ultra high performance.

VERSION NEXT

  • Leave application
  • Salary advance application
  • Loan application

Connect with us for demo at info@accountingsoftware.com.ng for more enquiries and implementation.

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