For payroll to work, the management has to agree on well-defined policies in order to govern how payments will be calculated and distributed. Such policies include attendance policy, leave, and benefits, pay policy, etc.
Collect Payroll Inputs & Verify
We will gather financial information from various departments to ensure our input into the system is as accurate as possible. The chart below is a glimpse of the information we will acquire:
The information is then input into the payroll system for actual payroll processing. We then reconcile the values and double-check for accuracy to avoid any mistakes.
During the payroll process, we then adhere to the statutory compliances. We make statutory deductions in line with EPF, SOCSO, EIS, IRB/ LHDN, etc. These are then paid to the respective governing/authoritative bodies.
Every company keeps a record of all its financial transactions in an accurate book of accounts. Salary paid is a significant cost. All accounting data will be input into the ERP/ accounting system.
Employees are usually paid through bank transfers, cheques, cash, or whatever payment plan/system that a company has in place for its staff.
OTHER SERVICES DELIVERABLES ON FEE QUOTED BASIS
Process Salary and Statutory Payments – (EPF, SOCSO, LHDN, Labour Office)
Assist for Statutory registration for the new set-up of the company.
Year-end Borang EA and Borang E (e-filing)
Representation to payroll and labour related government offices for any company and HR Matters.
HR Consulting, business transformation and restructure
To ensure a good and accurate payroll management process, we plan the payroll process step-by-step. Proper payroll processing can ensure that your legal obligations are met and your employees are paid on time. Our payroll software can support your payroll is processed in a timely manner and accurately.