OCEAN PAYROLL

Ocean Payroll software module enables automatic payroll calculation respecting all kinds of payments, tax rates and contributions based on the employee data from Register of Personnel module and on the time and attendance data.

The module enables that all payments against individual recieient accounts are performed with one payment order respectively.

It ensures automatic annual calculation review for individual employees, for groups and for organizational units.

> catalogue of the Register of Personnel module

FUNCTIONS AND FEATURES

It enables various organizational schemes of payroll processing and payout activities
Calculation of all kinds of pays 
      regular work, paid leaves, sick leaves, cpmpensations, bonus, work experience bonus etc.
No limits on number of payroll calculations and payouts in a month
Usage of basic employee data from the Register of Personnel module 
Usage of time and attendance data from the Time Management module
Various methods of payroll calculation and usage of various parameters for calculations
Suitable to follow changes of payroll calculation technology
Possibility to deal with various setups of data entry 
     time and attendance (daily, periodical, monthly)
Automatic calculation of payroll for individual and for all employees
Calculation respecting all kinds of pays (regular work, paid leaves,sick leaves, compensations, bouns packages, work experience bonus etc)
Automatic calculation of all deductions, taxes, and contributions respecting the legislation predescribed rates
Modularity – Payroll module is coupled with financial package and with the modules of Ocean Resources package
Automatic transfer of journal entries to General Ledger application
Automatic transfer of payment orders to Payables application
Generating and printing of various lists and recapitulations
Support to planning and analysis
Reporting in MS Word and Excel