The payroll you pay to your staff is quite possibly the single most expensive item that your business has to pay out.
In your business accounts it will probably appear as a single overhead payment but in reality working out how much you have to pay each employee is dependent on the number of hours they have worked and what their individual pay rate is. Calculating all of that is a tedious but essential task; the employer who doesn't pay their staff doesn't remain an employer for long!
The features in this section of the Finance module fall into two areas:
With these two pieces of information the system can calculate the amount of pay each staff member is due and it can automatically create an overhead payments record for the total payroll bill.
The next few pages will take you through the process of setting up staff records and recording their time worked. Then you will be shown the payroll report.
NOTE: The Finance module is NOT a complete payroll system; it cannot calculate the amounts of tax due on your staffs' pay nor can it calculate the amount of National Insurance or other tax liabilities that are due by them or by you.