Best Payroll Software For SMEs In Nigeria

A Software for large, medium and small scale organisations/enterprise (A Payroll Software with a Difference)
Living in the digital era and managing your business payroll manually is unnecessary and inefficient especially when you have salaries to process for a good number of staff, tax payable to compute, deductions and employee’s liabilities to calculate.

Currently, there are numerous payroll software solutions available in Nigeria to assist business owners in this particular task. To help you address your specific payroll concerns, I will be sharing simple features of a good payroll:

1. Employee Information

• Employee personal details, contact details, qualification, Emergency details, guarantor details e.t.c
• Employee Payment method
• Employee transfer, promotion and separation
• Employee history record and lots more

2. Time Management (Attendance + Shift)

• Attendance Calendar management
• Real-time data from Biometric/Swipe card device/ Face recognition system
• Attendance month setup to take into account the cut-off provision- pay salary on date 1st of every month e.t.c
• Attendance can be imported from excel sheet
• Employee shift rotation facility
• Flexible and regular shift types with night shift functionality
• Dynamic off-day/ week-off setup according to state, Branch, Employee Grade/Cadre or Employee specific
• Timing policies for a grace period, late hours, working hours e.t.c
• Set any working day to not – working day and vice versa in case of riots e.t.c
• Employee overtime management

3. Payroll Processing

• Leave management
• Loan and Advance management
• Loan and Advance EMI deduction automatic and displayed in salary slip
• Loan rescheduling, stop payment and settlement options
• Interest on loan calculation if required
• Allowance Earning/deduction can be defined
• Dynamic salary formula creation
• On attendance and non – attendance pay heads
• Salaries reprocess and posting features

4. Recruitment

A good Payroll Management Software can also help businesses in their recruitment:

• A Web-based automated system for the recruitment process
• It helps your recruiters and recruitment Managers to easily manage the candidate resumes, posts jobs to various sources, shortlist eligible candidates, manage candidate Interviews and send offer letters
• HR/Admin can decide the interview panel for each recruitment process individually and rating for each process with interview date and time.

5. Training

Payroll Software come handy in training management in the following ways:

• All details regarding the training to be conducted viz. date, time venue, budget, Candidates participating, alert to each participant irrespective of a branch, department etc can be decided here.
• Training Calendar that shows all the upcoming training scheduled
• If training is conducted by external/internal source then the details of the external/internal source can be entered here.
• Employee feedback
• Shows history of all training conducted and score of each participant/s and lots more.

6. Performance Management system

• Key result area and key performance indicator defined
• KRA Evaluation setting
• HOD and Employee appraisal score
• Competence report and lots more

7. Statutory deduction

• Automatic calculation of PAYE deductions in accordance with PITA as amended by 2011 Amendment act.
• Employers and employee pension contribution deduction
• NSITF, GLI, NHF and other statutory deduction.

Payroll Software also provides Employee and Manager Self-service such that employee can:

1. Apply for Leave
2. Employee Asset requisition
3. Make Loan/Advance requisition
4. Submit suggestions
5. Submit survey, feedback, self-evaluation e.t.c
6. View training calendar
7. View Employee profile information
8. Download salary slip
9. View attendance details
10. View Leave application approval/rejection and Leave Balances

For more information – contact us at info@accountingsoftware.com.ng