Add-on Marketplace Offering | Payroll Services
Payroll Software for Small and Medium Businesses
Create and customize salary components; along with their formula and values.
Create simple and complex Salary Structures. Assign structures to employees
Enter CTC for each employee. System automatically calculates salary components as per formula.
Send system generated payslips to each employee via email, with error free salary figures.
Choose your own payroll cycle. System allows you to select or deselect employees whenever you like.
Stop payroll for employees who left. System will not consider them for any compliance.
Audit and verify employee expense claims and pay the amount while running payroll.
Easy to manage arrears in just one click. Error free salary figures from the effective date of change.
Whether loss of pay or compensatory leave; it is easy to deduct or pay the amount via payroll.
Whether it is joining bonus or completion bonus. Pay it via payroll process.
Reach out to respective team managers to collect incentive value to be paid in monthly payroll.
Adjust advance salary or recover loan amount from monthly payroll process.
Enter the amount for Employer as well as Employee Contribution for PF. Generate reports online.
System is capable of deducting professional taxes based on the location of the office.
System will deduct acuurate taxes as per the tax slabs defined by the Government of India.
Generate monthly salary sheets, customised Bank statement and IT return files.
Issue Form 16 to employees and Form 16 A to vendor directly via email in a single click.
TDS amount can be adjusted for an emloyee and remaining can be recovered in next month payroll.
Employees can view CTC details, YTD statement, total earnings, payouts, PF and income tax details.
Employees can declare Tax savings (IT Declarations) and upload investment proofs.
System keeps record of Leaves applied, Loss of Pay and Compensatory offs for each employee.
Employees can upload expense bills incurred for any official purpose like food, travel, hotel etc.
Employees can access professional looking Payslips from their account and can download them.
Team managers can provide approvals, manage team activity and input variable salary component.
No need to purchase separate accounts, add as many legal entities you want in a single login.
Processing Payroll for multiple office branches was never this easy. All from a single company account.
System generates all compliance reports separately for each legal entity and/or office locations.
One Price for all Apps
In addition to Payroll, FastCollab also helps you streamline Travel, Accounting, Insurance, Recruitment and HR.