Remuneration policy for enterprises is extremely important, contributing to the stable development of the business. The payment of reasonable and appropriate salaries has a positive effect to motivate employees to work harder, increase labor productivity and accelerate scientific and technical progress. Therefore, in this article, we will dig into the daily work of outsourced payroll providers to set a suitable income for worker.
What is salary accounting’s work?
Salary is a monetary expression of the value of labor that employees spent in the production and business process and paid according to the final result.
Salary accounting based on factors such as: Timekeeping table, task tracking table, overtime coupon, labor contract,..to set up spreadsheets, payroll salaries and social insurance for employees.
The task of outsourced payroll providers
First, Payroll staff must know to record promptly and fully, reflect the existing situation and fluctuations in the number and quality of labor, the situation of using working time and labor results. Thanks to that, they can calculate accurate, timely and correct calculation of regimes and policies on salaries, together with bonuses and benefits payable to employees. During the working time, outsourced payroll providers also have to examine the compliance with policies and regimes on labor, wages, social insurance (social insurance), health insurance (health insurance) and trade union fees.
Another important task is making reports on labor, wages, social insurance, health insurance, and rejection within the scope of responsibility of the accountant.
Accounting of the number of employees
There are many reasons leading to changes in the number and quality of employees in the enterprise such as new hiring, promotions, layoffs, layoffs, retirement, loss of health, maternity leave, etc. Therefore, based on the initial documents such as recruitment decisions, resignation decisions, upgrading of workers, ... the enterprise accountant will monitor and account for changes in quantity and labor quality.
Accounting of labor time
In fact, it is accounting of : working hours of employees, labor time consumed for each job or for manufacturing inside the business. Outsourced payroll providers will use timesheets to track working time of employees. The timesheet clearly indicate working time, time of absence and stoppage for specific reasons. The timesheet is recorded and summarized by the team leader and submitted to the accounting department at the end of the month as a basis for salary calculation.
Accounting of labor results
Depending on the type of production and labor organization conditions, appropriate documents should be applied. The most commonly used documents to record labor results are: Product delivery note, organization task tracking sheet ...
Above is our experience about outsourced payroll providers to help you gain new skills to process information more quickly. If you have any further questions, contact us through our email and office below:
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Tel: + 84 24 3974 3091
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