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Thursday, December 13, 2018

PAYROLL

PAYROLL SYSTEM IN TALLY

A payroll management system involves everything about an employee such as employee name, Designation, department, attendance, salary, allowances and other details. 

How To Activate Payroll System In Tally ERP 9

1. Open your company.

2. Press “F11” key

3. Select “Accounting Feature”

4. Make yes to “Maintain Payroll”

Employee Group: This option is used to create employee department such as Administration, Management, Sales, DEO, etc.

Units (Work): The unit responsible to create working days and hours.

Attendance/Production types: This option is used to create attendance types such (Present, Absent, Overtime)

Here is a table of all attendance types ...
Attendance name
Attendance type
Present
Attendance / Leave with pay
Absent
Leave without pay
Overtime
Production



Pay Head Display: this option is used to create Salary and Allowances groups.



BASIC SALARY CREATION
Name: Basic salary
Pay head type: Earning for employees
Under: Indirect expenses
Calculation type: On Attendance
Attendance / Leave with pay: Present





PAYROLL VOUCHER ENTRY


Attendance (Ctrl+F5): This voucher is used to insert the total number of employee’s attendance such total number of presents, absent, and overtime.

Payroll Voucher (Ctrl+F4): This voucher is used to insert salary and allowances payment details for employees.


PAYROLL EXERCISE QUESTION

Company name: Sumesh IT Solution PVT. LTD.

Ledgers Entries
Cash in hand Rs. 14,50,000
Cash at bank Rs. 17,00,000

Enter the following employee information...

Employee Details
Emp. No.
Emp. Name
Dept.
Functions
Address
101
Akash Sharma
Admin
Management
Rohini (New Delhi)
102
Amit Gupta
HR
Recruitment/Training
Patel nagar (New Delhi)
103
Sumit kumar
Sales
Sales management
Narela (New Delhi)
104
Krishana
Purchase
Purchase mang.
Karol Bagh (New Delhi)
105
Manoj
Manager
Staff management
Rohini (New Delhi)
106
Kunal Verma
Sales
Sales management
Patel nagar (New Delhi)
107
Rakesh
Purchase
Purchase mang.
Narela (New Delhi)
108
Geeta Kumari
Recpt.
Hosting
Karol Bagh (New Delhi)
109
Mukesh Tivari
Admin
Management
Rohini (New Delhi)
110
Akshay
Sales
Sales management
Patel nagar (New Delhi)


Attendance & Salary Details

Emp. No.
Basic Salary
Present (Days)
Absent (Days)
Overtime (Hours)
101
42,000
29
1
15
102
35,000
28
2
25
103
25,000
27
4
60
104
26,000
26
5
41
105
37,000
29
2
40
106
27,500
29
2
50
107
24,000
28
3
65
108
16,000
25
6
70
109
40,000
29
1
72
110
21,000
27
4
22

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