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Payroll accounting software .pdf


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Payroll Accounting Software
Payroll accounting software is a software package which permits small-businesses in the UK to
manage all activities related to payroll. Through cloud-based payroll software for small-business,
companies can either manage the activities internally or can be outsourced to expert firms.
Nomisma Solutions payroll module permits businesses in the UK to perform the following tasks
with ease:
Automatic payroll computation - Once the information is keyed-in, our cloud-based system
makes fixed payments simpler as the payroll is run automatically each month for a given
financial year
Auto Enrolment - Our cloud based payroll software program helps businesses stay compliant
with simple navigate auto enrolment and easy opt-in and opt-out option
Automatically compute compulsory or voluntary payments - Nomisma can calculate
Statutory Sick Pay (SSP)/ Statutory Maternity Pay (SMP) / Statutory Paternity Pay (SPP) along
with student loan payments, among others
Integration with bookkeeping - All payroll activities are automatically posted to the
bookkeeping module eradicating the need to copy data manually
Dashboard - Business can, at a glance, see where there are with payroll, pay-slips, and RTI
submissions all in one place. With this feature, businesses can keep on top of all-important
payroll tasks
Nomisma Solution enables businesses to manage pay-slips/P45/P60; Pay-slips can even be emailed or printed
In-depth reporting enables businesses to take out reports covering everything – breakdown
of total wages to RTI submission reports
Upload and manage all client information attached to a person entries or accounts; No
more searching all the way through various folders or e-mails
Read Also: Nomisma - The Perfect Software for Income Tax Calculation
Payroll software, must meet two requirements:
Payroll management must keep the data secure and software should permit the business to
make time-efficiency savings
The payroll management solution, when used within an accounting firm, must signify value
for money
Nowadays, it is very common to see payroll solutions hosted as SaaS (Software-as-a-Service). This
means there is no investment required on computer servers and no software needs to be
installed on a PC or laptop. Cloud payroll solutions such as Nomisma Solution allow users to
assign roles to each member of the team, who can access the platform via a web browser or
even through a mobile. A payroll accounting software can have access to different services
depending on the software solution chosen – HR module for administration (professional
interviews, training, and holidays) to multi-company centralised information management.
Finding useful payroll software will allow the business to manage wages in a consistent and
smooth manner, developing the human capital and reducing time. In addition, the software will
ensure that all documents are compliant with all pertinent legislations. As a business manager
payroll software should also support in effective real-time decision-making.

Features of a cloud-based payroll software like Nomisma Solution
Employers

Employees

 CIS deductions set-off
 Department wise
analysis
 Employment
Allowance
 Records Tax Office
details
 Records bank and
pension fund details
 Single and multiemployer versions
available
 Tax refund funding
 Statutory pay funding

 Contracts of
employment
 Calendar to record
absence, holidays,
sickness, training
etc.
 Employee History
 Monthly, weekly, 2weekly & 4-weekly
pay
 Notes for each pay
period
 ID cards with photo
 Special provisions
for apprentices

Pay elements

Pay-slips

Net to Gross calculation
Overpayments
Childcare vouchers
Attachments of
earnings
 Student Loan
Repayments
 Attachments of
earnings

 Optional notes on
payslip
 Optional company
logo on payslip
 Optional holidays
remaining on
payslip
 Print payslips for
any previous
period
 Email payslips
directly to
employee / client






Construction Industry
Scheme (CIS)
 CIS300 Monthly
Returns (online)
 Cost of materials &
value added tax
(VAT)
 CITB levy deductions
 Subcontractor
payslips
 Subcontractor
Monthly Payment
Certificates
 Automatically
generates
Subcontractor
Invoices
 Online verification
of subcontractors


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