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Payroll Accounting In India

5,000+ Payroll Accounting since 2011

No more delays or difficulties! Register your business with India’s #1 provider of business incorporation services. Get a 7 day Guaranteed document upload to the MCA or receive a full refund T&C* 

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₹18,999  ₹9,999

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About Payroll Accounting

 

  • Payroll accounting is basically the calculation, management, recording, and analysis of employees’ compensation.
  • Most startups and small businesses do not have well-established HR systems and processes directing to challenges in hiring top talents, keeping good employees, and creating a productive workplace culture. By outsourcing payroll and HR management to Khata Dekho, you can enjoy a stress and error-free payroll cycle every month, understanding it has been accomplished by the experts.

Advantages of Payroll Accounting

 
Time Savings & Increased Productivity

Outsourcing Payroll Services To Khata Dekho  Enables You To Focus On Your Core Business And Frees Up The Human Resources, Or Accounting Personnel To Operate More On Strategic Tasks That Could Eventually Impact Your Bottom Line. Employers Are Only Required To Make Contact With Their Outsourced Payrol Servicel Specialists By Agreeing On Time Once Each Pay Period.

 
Reduce costs

The Direct Costs Of Processing Payroll Can Be Greatly Decreased By Working With Us. Big Businesses Can Afford To Keep Robust Payroll Departments. Nevertheless, For Small/Medium-Sized Businesses, Having An In-House Payroll Services Process Is A Money Burner. If Your Business Has Fewer Than 30 Employees, There’s A Very Good Possibility That You Can Save Money By Outsourcing Your Payroll Operations To Khata Dekho.

 
Team of Experts

Most Business Owners And Payroll-Related Staff Don’t Have Time To Research And Study Frequently Modifying Regulations, Withholding Rates, And Government Forms. By Outsourcing Payroll To Khata Dekho, A Small Business Can Accept Advantage Of The Expertise That Was Previously Known Only To Big Companies.

Payroll Accounting Registration Process Flow

   STEP 1

1-2 HOURS

Select Package
Fill Out The Appropriate Forms Or Speak To Our Experts Online For Assistance.
       STEP 2

2 WORKING DAYS

Obtain Information regarding Company Employees
We Will Gather Information Regarding All The Company Employees.
      STEP 3

2 WORKING DAYS

Payroll calculation
We Will Calculate The Net Pay After Altering The Required Taxes And Other Deductions.
 LAST STEP

2-3 WORKING DAYS

Payroll Accounting
We will maintain a record of all your financial transactions and review that all data is provided accurately into the accounting system.
 

Documents Required For Payroll Accounting

  • Bank Credentials
  • Gst Details
  • ITR Details
  • Cash Book
  • Company Pan
  • Directors Pan
  • Mail Id
  • Phone No.

Types of payroll accounting

The payroll staff must ensure all financial transactions during an accounting period are precisely recorded and reconciled. Payroll accounting comprises three types of accounting: initial recordings, accrued wages, and manual payments.

1. Initial recordings

The payroll executives record payroll entries in the form of debits or credits in the general ledger, computing and recording the salaries or wages payable and accounting for payroll taxes.

2. Accrued payroll or wages

The accrued wages refer to the wages payable to the employees for the services rendered during a pay period.

3. Manual payments

Manual payments are the off-cycle financial transactions that are made outside of the accounting or payroll system. This line item is the full and final payment made to an exiting employee. The human resources or payroll executive records the cleared dues of the departing employee as manual payments.

Timeline

Free Consultation and Documentation
  • Our Expert team resolve your queries. Our consultation is completely free.
Action Required by you
  • You Need to fill up the draft, Make Payment and Submit Documents to Khata Dekho
Action By Khata Dekho
  • Once the Documents are uploaded we’ll start the step -by-step process of Incorporation

Frequently Asked Questions (FAQs)

Payroll accounting is basically the calculation, management, recording, and analysis of employees’ compensation. In addition, payroll accounting also contains reconciling for benefits and withholding taxes and deductions related to compensation.

Payroll management is an ancillary process for all businesses. However, for most startups and small businesses, payroll and HR management takes up a huge amount of time and energy for the founding members. Thus, by outsourcing payroll management to LegalSalah, the founding team can concentrate on more critical areas like product development, marketing, and customer support.

KhataDekho Professionals will be deputed for your business to deliver support every month. In addition, we also have a pool of Experts to assist you with all your needs.

Indeed. Any of your employees may contact us for advice and assistance either by email or telephone

  • Time Savings & Increased Productivity
  • Reduce costs
  • Team of Experts

Anyone can be a designated partner as long as they are a resident of India.

Most startups and small businesses do not have well-established HR systems and require Payroll accounting services.

Payroll management can be outsourced, handled on our own, or through software. But it is best when outsourced as it is cost-effective and saves time and money. Not to mention, the chance to closely work with payroll specialists and financial experts who are well-versed in the latest tax rules and compliances.

Our payroll system is well-secured and promises to protect your company data and employee data. With a strong security system in place, we do not compromise on the security of bank account numbers, addresses, pay rates, and other details needed to process the payroll and tax forms.

 

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