It can be easily said that our businesses are running because of the employees that are working for us. The least we can do is give out their salaries on time. A bonus here and there sounds good too, but it’ll be a tiresome process to sort out finances for each and every employee every month! And with a growing business, the workforce will also increase simultaneously.
When you think about starting your own business, one of the biggest challenges comes in the form of employees and their finances. With many aspects of a business to deal with, finance and accounting get pushed towards the back.
The accounting side of a business needs to be completely error-free and customized according to each employee. Income tax filing, deductions, incentives, leaves and many such factors are to be taken into account while managing payroll. That is why some companies opt to go for a Payroll Software, which takes care of their employees’ salaries and also saves time!
Here are the top 10 Payroll Software that are popular in India –
- Wave Payroll
- Saral PayPack
- People Apex
- Pocket HRMS
It comes with a 7-day trial. sumHR has flexible plans to suit your every need with tax benefit calculations as well. The software manages your employees’ salaries and also keeps a check on their performance. It can also be used for any loan/advance salary needs of your employees. With F&F Policies, the separation finance calculation between both parties is hassle-free and uncomplicated.
Wave Payroll is an easy-to-use software, giving small business owners a one-stop solution for all their financial management. With unlimited expense tracking, it helps your accounts department in maintaining records of every employees’ financial transactions. Some additional features like profit and loss statements or sales tax reports can also be used.
With around 20 years of experience, GreytHR provides its customers with easy and hassle-free payroll software. Quick report generation is one of the most sought-after features of GreytHR. It is India’s leading cloud-based payroll software which sees all the aspects of payroll and adheres to all statutory compliances. Automated reimbursements, loans and advances are also taken care of by the platform.
Keka is one of the leading payroll softwares used in India. Unlike many of its contemporaries, it is quite user-friendly and employee-centric. It enables access to the data from remote locations as well. It focuses on making the software user-friendly so that it may be widely used by all. Keka claims that it is the “only HR payroll software in the industry that facilitates easy participation of non-finance roles such as HR members in salary operations”. It also allows users to release their payslips digitally or in SMS format too.
As the name suggests, this easy-to-use software can be used to sort out your employees’ salaries. Its USP is that it provides multi-level access architecture to help navigate your files easily. It captures both personal as well as professional details of your employees. Generation of Forms and PF Accounts can also be done through the software quite simply.
This comes with a full attendance system to keep a track of your employees. Some of the features include its ability to define multiple payrolls according to organizational needs, comprehensive coverage of all applicable tax laws, since it is a globally used platform, it has country-specific bank information for employee pay bank transfer. Employees can themselves fill in their tax information too.
Winner of “Best HRMS Software Award” at the 29th Edition of World HRD Congress 2021, provides user-friendly software for all your payroll-related needs. As it is a cloud-based system, it helps in mobility and can also assist HR in their busy life! It is a one-stop solution for all the expense management, which has a self-service portal for an engaged workforce.
It touches upon all the complexities of payroll management easily. The process is completed in three simple steps starting from the collection and analyzing the data and then finally reporting the same, keeping in mind the statutory compliances.
It customizes employee needs according to department, location, grade, etc. a feature called ‘flexi-pay’ also helps the employees to decide their own salary structures. It automatically syncs leaves and attendance, therefore, leaving no scope for error. Qandle has a very efficient payroll system starting from onboarding employees to giving out their salaries. All the necessary steps in between are done without any hassle!
Analyzable employee data with accurate leave, exit, payroll and travel management, Beehive provides its customers with various options for their employees. It covers the entire gamut of HR activities for employees and HR in the organization. Beehive’s HR modules are equipped with best-in-class configuration wizards which can accommodate almost any HR requirement and provide an end-to-end solution. Beehive is available to deploy on cloud, on-premises and hybrid models and the access can be defined as per company IT policies.