Payroll is the process involved in payment by employers to their employees for their work. It involves various steps like calculation of salaries, ensuring deductions, making payment distribution to employees, preparing necessary paperwork as regards taxes, and all associated documentation. The payroll system involves many components, and any kind of mistake made here impacts the labor force and the company at large.
Payroll software automates salary processing, tax deductions, payslip generation, and compliance tasks. NextBill’s payroll system simplifies this with auto salary calculations, instant payslip creation, and built-in compliance for TDS, PF, and ESI. It integrates attendance and leave data for accurate payouts. Save time, reduce errors, and manage payroll effortlessly — all from one dashboard. Perfect for growing businesses looking for smart solutions.
