Execute Payroll Checklist
Use the RazorpayX Payroll execution checklist before executing your next payroll.
Once you complete
, you can execute payroll for your organisation. Payroll automates transactions and manages payroll as per settings enabled. Use the following checklist to execute payroll without any misses.Watch Out!
Your employees and company depend on this one-click payroll processing mechanism. Use this checklist to ensure all prerequisite steps are completed before processing payroll.
Before disbursing salaries, ensure that your employee list is up-to-date. Add, modify or dismiss employees according to their employment status and compensation changes. To do so:
- Log in to your .
- In the left menu, navigate to Admin Options → People.
- Select the relevant employee as per from ALL or other tabs.
- Click EDIT against the applicable sections, as shown.
Edit their personal and payment information, their leaves and their attendance before the payroll execution date.
Check if any employee's critical information, like their bank account number, UAN, PAN or so on is missing. To do so:
- Log in to your .
- Go to Admin Options → Reports
- Click Missing Information. It provides a list of employees in the left column the information missing about them against their name.
Variables can either be an addition to the salary, a deduction based on a loss of pay, a recovery or a reimbursement.
To update your employees' Additions:
- Log in to the .
- Navigate to the payroll month, and click EDIT against the employee's name.
- Add any bonus or incentives under Additions.
- Click Done once updated.
To update your employees' Deductions:
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If your organisation uses the Payroll attendance module to track leaves, navigate to Reports → Attendance → Payroll Adjustments and approve any loss of pay recommendations that Payroll suggests.
-
If you are tracking the loss of pay (LOP) days outside of Payroll or using the
, follow the given steps:
Know how to
.Check how you can modify other salary components as part of
.Before processing payroll, check under Reports → Salary Register on your
whether your employees are paid as per the applicable cost-to-company (CTC). Cross-verify their salaries and update the information accurately.Watch Out!
You cannot modify payroll after it is executed.
For Payroll to make timely compliance payments, you must execute Payroll on or before 5th or 10th of the month, depending on the compliances applicable to your organisation.
*Automated PF payments and registrations via Payroll are temporarily unavailable. You must make PF payments externally
.Finalise the payroll for the month.
required to process payroll and then Request Execution with ease. You cannot to payroll after you have executed it.Was this page helpful?