Enterprise System ERPNext
- 1. ERPNext allows to accommodate all types of taxes and their calculation. It also maintains a complete employee database including contact information, salary details, attendance, performance evaluation, and appraisal records. ERP-Human Resources: The Human Resources (HR) Module covers the processes inked to managing a team of co-workers. Most important feature here is processing the payroll by using Payroll Entry to generate Salary Slips.
- 2. Payroll ERPNext greatly simplifies this process by offering an array of features that you can utilize form Salary Structure management to bulk processing Payroll of employees.
- 3. ERPNext Payroll features Payroll Entry: enables bulk processing of payroll for employees Additional Salary: ERPNext allows you to add additional Salary Components to Salary Slips while processing the payroll. Employee Benefit Application: ERPNext allows to choose from various flexible benefits which an Employee shall receive on a pro-rata basis. Setting Up Income Tax Deduction ERPNext simplifies most of the tax related calculations by automatically calculating tax deductions while generating Salary Slips. Payroll Setup: Salary is a fixed amount of money or compensation paid to an employee by an employer in return for the work performed. Employee Tax Exemption Proof Submission Employee Tax Exemption Declaration Employee Benefit Claim: allows Employees to 1. Claim flexible benefits. 2. Claim tax exemption for flexible benefits received pro-rata Retention Bonus: ERPNext allows you to configure Retention Bonus for employees Payroll Period: in ERPNext, is a period for which Employees get paid for their occupation with the Company.
- 4. Recruitment ERPNext helps you create recruitment plans and create and publish job openings accordingly, making it easy to manage your hiring process.
- 5. • Job Applicant You can maintain a list of People who have applied for a Job Opening. • Job Offer Job Offer is given to selected candidates after Interview & selection. In ERPNext you can make a record of the Job Offers that you can give to candidates. • Job Opening You can make a record of the open vacancies in your company using Job Opening. ERPNext allows to plan your recruitment at a group company level. The number of Job Openings you can create for a Designation is restricted according to the Vacancies planned by the Staffing Plan defined for the company or one of it's parent group companies in the hierarchy.
- 6. Human Resource Setup The HR module has a setup process where you create the masters for all the major activities.
- 7. Organization Setup: • To setup your Employee master you must first create: • Employment Type. • Branch. • Department. • Designation . • Grade. Leave Setup • To setup Leaves, create: • Leave Type. • Holiday List . • Leave Policy to effectively track and manage Employee leaves across the company.
- 8. Payroll (Salary) Setup • In ERPNext, salaries have two types of components: • earnings. • Deductions. You can create and assign salary structures to employees and ERPNext simplifies most of the payroll processing for you. Recruitment • ERPNext allows you to define recruitment plans at group company level. • Subsidiary companies can create and publish job openings based on the group company plans, making it easy to manage your hiring process.