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Payroll Outsourcing

 

A Payroll Bureau Processing Service is a Managed Payroll Service which allows the client to fully focus on their main business areas.

 

In Payroll Bureau Processing Services, client provides monthly Payroll Data to Wolke and we will process payroll based on the data using Wolke HR and Payroll System and provide a set of standard Payroll reports including Pay Slips, Payroll Register, Payroll Reconciliation. (Prev. Month to Current Month) Audit Report, GL Journal Export file, Bank Transfer, New Joiners, Leavers, Employee profile changes audit, etc every month. Wolke can provide additional reports as per specific requirements of client at nominal add-on cost for custom development of these reports.

 

Wolke provides Payroll Processing services to a number of clients directly and through our business partners like InterComp Multi Jurisdictional Payroll, worldwide.

How Payroll Bureau Processing Works?

 

  • Client gives us Company logo and payroll calculations and the employee information for initial system configuration and environment set up of Wolke HR and Payroll System.
  • Wolke will set up system environment on Wolke Servers.
  • Client gives payroll data to Wolke every month in the payroll data template formats (PDT) including the information on new joiners and levers during the month to run the payroll by the cut off date as per payroll cycle calendar.
  • Wolke will process monthly payroll data using the Wolke HR and Payroll System.
  • Wolke will provide a set of standard Payroll reports including Pay Slips, Payroll Register, Payroll Reconciliation. (Prev. Month to Current Month) Audit Report, GL Journal Export file, Bank Transfer, New Joiners, Leavers, Employee profile changes audit, etc every month for the approval of the client.
  • Client verifies and confirms if the payroll is approved. If there is any correction, then client can advice Wolke accordingly with the changes.
  • Wolke will reprocess with the change indicated by client and resubmit the reports for approval.
  • Client confirms the final approval of the payroll.
  • Wolke prints the payslips and required payroll reports and sends the enveloped payslips with printed reports to client through courier.
  • Client makes the necessary arrange for the bank-cash-cheque payments.
  • Payroll cycle is closed.

 

Wolke provides Payroll Processing services to a number of clients directly and through our business partners like InterComp Multi Jurisdictional Payroll, worldwide.

Payroll Bureau Processing Service

 

  • Payroll master data – Basic Salary, Payroll earnings and deductions, allowance and income base calculations
  • Monthly transactions – expense recoveries, miscellaneous earnings and reimbursements, PFI Deduction, Salary increases, adjustments, allowance, leave, loan, sign-on bonus options.
  • Full payroll setup and run – includes payroll runs for leave and termination
  • Set up Creation in Wolke HR & Payroll system (To be installed and managed on Wolke server), employee profile creation, Initial Test / Parallel runs.
  • GL interface provision – interface generation and GL account lookup and setcucp
  • System generated pay slip , standard payroll report and bank transfer report
  • Various management, department summary, reconciliation, bank and payroll master reports
  • Provision of leave liability balances, leave entitlements and leave summary reports
  • All payroll standard reports are provided in password protected electronic soft copy (PDF & Excel) formats.

 

Purchase Options :

 

Wolke offers HR, PAYROLL, ESS solution & services as follows :

Software as a Service (Hosted)

Payroll Processing Service

HR & Payroll software license ( Client site / Hosted )