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Payroll (PY)

NSD Human Resources Module / Payroll (PY)
NSD Human Resources Module   Is a complete integrated system for supporting the planning and control of personnel activities.

The Human Resources Management system consists of many components, which are capable of working together.

NSD Human Resources /PAYROLL Sub-module

It covers all essential payroll functions including earnings and deductions processing, preparation of remuneration statements, bank transfers and follow up activities such as transfer of information to Financials.

The Payroll is based on an international payroll driver. This payroll driver was modified for each country. The country-specific payroll drivers take the statutory and administrative regulations of a country into account. Bear in mind, that the payroll sub – module is very country specific, that is, certain procedures should be taken to meet the particular requirements of your enterprise.

Basically, you can use this component to calculate the remuneration for work done for each employee.

However, Payroll does not just involve the calculation of remuneration, but consists of a variety of processes that are becoming increasingly important due to the employer’s increased obligation to supply benefits and medical welfare. These benefits are products of:

  • Labor law
  • Tax law
  • Benefits law
  • Civil law ...................etc.

Integration:

Payroll can be integrated in Personnel Administration, Time Management, Incentive Wages and Accounting:

  • Standardized data retention enables you to use master data and other payroll relevant data from Personnel Administration.
  • Time data, entered via Time Management, is automatically included in the Payroll and is valuated during the payroll run.
  • Data from the Incentive Wages component is used to calculate piecework wages and premium wages directly in Payroll.
  • Information on expenses and payables from Payroll is posted for accounting directly in Financial Accounting, and you assign the costs to the appropriate cost center. You can also control the financial system of third-party providers.

Features:

The System calculates the gross and net pay, which comprises the individual payments and deductions that are calculated during a payroll period, and are received by an employee. These payments and deductions are included in the calculation of the remuneration using different wage types. After the remuneration payroll you can carry out various subsequent activities, for example, you can see to remuneration payment or the creation of various lists, and make evaluations.


Payroll Basics 
The Payroll is based on an international payroll driver. This payroll driver was modified for each country. The country-specific payroll drivers take the statutory and administrative regulations of a country into account. Since the payroll driver has a modular structure, you can use the Customizing functions to quickly modify the payroll procedure to meet the particular requirements of your enterprise.

After the payroll run, you can transfer the payroll results to Financial Accounting, or perform evaluations and create lists and statistics.

Payroll Process

Purpose:

The payroll program is run at a specific point in time, not only to calculate an employee’s basic remuneration but also any special payments, overtime payments or bonuses that must be effected for the period in question.

 

OTHER  NSD Human Resources APPLICATIONS
HR - PA        HR - TM      HR - OM      HR - REC     HR - PY