Posts tagged ‘HR and Payroll’

September 1, 2012

Seamless integration of Sysfore HR & Payroll with Openbravo ERP Finance module

One of the key features required in any Human Resources and Payroll module is the ability of automated generation of financial entries for various salary processed for each of the employees. This helps all organizations to effectively track various resources cost under the respective accounting heads. In Sysfore HR & Payroll module, there are multiple levels at which you could setup these account mappings. As part of a generic setup to the finance module, the salary payable, loss of pay, overtime, standard deductions and additions accounts can be configured. This is described in the image-1 below:


Image-1

Pay Components
Pay Components form the basis of any employee’s salary structure. There are pay additions or deductions which are defined for each pay grade.

Pay Additions: Some of the organizations give “Overtime Allowance” as a pay addition component in the salary. From an organization’s financial tracking it is important for the management to see such kind of salary components paid out every month. For that purpose, the pay addition is mapped against the respective COA sub account, so that when payroll is processed the G/L Journals are created. As normal, these can be verified by the accounts team before posting the transactions. See Image-2 below for details:


Image-2

Pay Deductions: In certain countries, as per the prevailing law, organizations make certain deductions like tax and state insurance from the salary. “Employee State Insurance” is defined as a deduction component in the salary. From an organization’s financial operations it is important for consolidating such deductions and do the necessary remittance to the government based on the salary paid out every month. For that purpose, the pay deduction is mapped against the respective COA sub account, so that when payroll is processed the G/L Journals are created. As normal, these can be verified by the accounts team before posting the transactions. See Image-3 below for details:


Image-3

Once payroll is processed in the respective salary cycle, G/L Journals will get created automatically during the payroll run as in the below Image-4:


Image-4

Payroll Accounting: In the Finance module, the accounts users can review and post the G/L Journals. Thus the Sysfore HR & Payroll module gives a complete end to easy setup and integration to the Openbravo ERP Finance module. Refer Image-5 below:


Image-5

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February 27, 2012

Free Webinar on HR and Payroll Management

Human Resources and Payroll Management for Openbravo ERP:

Easily manage your company’s most valuable asset!

  • Date: Tuesday, 6 March 2012
  • Time: 9am CET
HR & Payroll for Openbravo ERP by Sysfore

HR & Payroll for Openbravo ERP by Sysfore

Is your growing business getting bogged down by tedious, manual processes for human resources and payroll? Smart companies know that as the business environment grows increasingly complex, their employees represent a sustainable source of competitive advantage. But, understandably, many hesitate to deploy a standalone HR system due to the cost and complexity.

The Human Resources & Payroll Management solution is a fully integrated, native solution for Openbravo, the leading open source ERP. Extremely simple and user-friendly, this solution helps you optimize your workforce, and assists in processing payroll. The HR & Payroll solution is cost-effective, and very easy to configure and further customize using standard Openbravo facilities.

Register now to join Openbravo and Sysfore, Gold Partner of Openbravo and author of the solution, on Tuesday March 6, to discover the benefits of easily managing all of this integrated functionality directly inside of the powerful Openbravo 3 ERP platform:

  • Employee information
  • Time & Attendance
  • Team management
  • Leave management
  • Work shifts
  • Payroll & Benefits
  • Standard and Custom Reports

Now is your chance to register to see this exciting new solution in action, interact with the experts, and get your questions answered!