The Paychecks module is designed to automate and manage employee salary payments efficiently. It ensures that employees receive accurate and timely payments based on their work hours, pay type, and applicable deductions. It calculated wages, apply benefits, and generate detailed payroll reports.
Core Functionalities
- Automated Payroll Processing – Generates paychecks based on employee work hours, pay plans, and applicable deductions.
- Tax & Deduction Calculations – Automatically deducts income tax, social security, and other mandatory deductions.
- Overtime & Bonus Integration – Adjusts paychecks based on overtime hours, bonuses, or incentives.
- Payroll History & Records – Maintains a secure log of all issued paychecks for auditing and compliance.
- Multi-Currency Support – Supports payroll processing in different currencies for international employees (if applicable).
