The new enhanced payroll in Tally.ERP 9 requires minimal effort for accurate salary processing. It takes only five easy steps to process payroll and generate Pay Slip in Tally.ERP 9.
Step 1: Create Employee Masters
Create the Employee masters and enter the requisite employee details. Create Employee Groups by categorising employees under the function they perform; their department or designation.
Step 2: Create Payroll Masters
Create the Payroll Units and Attendance/Production Type to record the Attendance and Production details.
Step 3: Create Pay Heads
The components of a structured salary are created under Pay Heads.
Create the salary structure components in pay head. You can create any complex type of pay head with ease in Tally.ERP 9.
Step 4: Create Salary Details
Create the applicable salary structure for both employee groups as well as individual employees.
Step 5: Process Payroll and Generate Pay Slip
Record a Payroll Voucher to enter all earnings and deductions that is paid to the employees.
Generate the Pay Slip that provides attendance details, itemises each component of the employee’s earnings and deductions, and displays the net amount paid to him for a given pay period. It also provides information to the employee as to how the net amount is arrived at.