What is payroll data?
Salary figures and breakdown for each employee (basic and allowances) and bank details
Why we need your payroll data?
To generate monthly payslips with additions and deductions for each employee and maintaining accurate and timely monthly payroll closing and processing.
How to fill in Payroll Data
The payroll table is broken down as follows:
Let us go through each of the key data points to understand:
- What are the specific data points required
- Why we require each of the data points
The mandatory fields to set up payroll include defining the:
- Allowance Categories (transportation, accommodation, schooling etc)
- Breakdown of Salary (amounts allocated to Basic pay and other categories)
- IBAN/CRN Number is mandatory for payroll processing