Payroll management is extremely important function of every business. All businesses hire people to carry out different jobs and they are paid for their time and effort they put into the business. Accuracy, confidentiality, and timeliness are the most important aspects of payroll management in any business. Labour laws and regulations also have to be considered for compliance and at least one accountant or HR assistant is required to handle payroll of a company.
When organizations grow, they need to hire more staff that leads to more paperwork, calculations salaries and bonuses, end of service benefits, and maintenance of leave records. IDMS takes the entire headache away from you and manages your payroll. We also help in providing customize software solutions for payroll management and processing.
We manage your payroll with accuracy, integrity, and confidentiality and we make sure that our clients are satisfied with our services. We also guide, train, and assist you in registering with Wage Protection System (WPS) portal of Ministry of Labour, UAE. Our payroll experts provide excellent service on time and we also manage to issue pay slips of staff as per the format required by our clients.
Let’s have a look at what our accounting experts offer you regarding payroll function.
- Coordinating with client’s HR department
- Processing of Salaries
- Preparing calculations of overtime, incentives and bonuses
- Issuance of pay slips of each and every employee as per requirement
- Preparation and issuance of salary transfer letters to the banks
- Computation of end of service benefits as per MOL regulations
- Providing Travel expense request forms
- Management of Employee travel expenses
- Maintaining leave records and entitlements
- Wage Protection System (WPS) assistance