What is payroll software?
Payroll software calculates employee pay from salary structures — earnings, allowances, statutory deductions and net pay — then produces payslips and posts the accounting entries. Integrated payroll (payroll inside your accounting platform) eliminates the classic month-end failure mode: a payroll spreadsheet that never quite matches your books.
What good payroll must handle
- Configurable salary components and employee-level overrides
- Statutory deductions computed automatically and tracked as liabilities until remitted
- Payslip generation and distribution
- Leave and attendance feeding pay where relevant
- Off-cycle runs for bonuses and corrections
- Balanced journal posting per run, allocated by branch or cost centre