Payroll Software

M2 Payroll System stores the complete records of employees right from their date of joining to their separation, such as Salary Processing, Reimbursements, Loans & Advances and government  statutory requirements.

Key features of M2 Payroll System includes:

• Company Profile
• Employee Management
• Salary Processing
• Statutory Reports
• Loans and Advances
• Reimbursements and Perquisite
• Leave Management
• Shift and Overtime
• Sanction Levels
• Security
• Reports
• Excel import and export

Company Profile
You can create the organizational structure as applicable in your organization. It lets you to create multiple branches, departments, designations and grades.

Employee Management
Manages employee records like joining and confirmation details, employee personal and official profile, service information etc.

Salary Processing
M2 Payroll System is highly flexible in defining salary structure. It defines any complex formula using formula editor, which can be used while defining salary. Another unique feature of this software is; salary generation on the basis of Daily, Weekly, Bi-weekly and Monthly wages. Taking account of the confidentiality and secrecy of salary details, on successful completion of the payroll processing, the month can be locked to avoid any editing and consequential mismatch.

Statutory Report
You can set statutory regulations dynamically depending on the earning slabs and government regulations. We provides various categories of reports.

Loans and Advances
You can manage loans and advances given to employees. It supports automatic deduction from salary till full recovery of loan. There is provision for lump sum loan recovery too.

Reimbursements and Perquisite
You can effectively handle extra benefits given to employees. It supports multiple policies and assign it to employees. We also handle reimbursement claim details that help for the purpose for Tax calculation.

Leave Management
Leave management enables you to allocate leaves, apply leaves, approve leaves, encash leaves and to keep track of leave details of employees. Flexibility to create your own leave policies. You can view the balance for various types of leaves of the employees.

Shift and Overtime
You can keep track of the overtime details of employees and calculate the overtime allowance.  Shift Management enables you to create your own shift plans and assign employees to different shifts. You can also calculate salary based on shifts.

Sanction Levels
You can set the sanctioning authorities for leave, loan and reimbursement.

Reminders
Reminders help the system user to take necessary actions to manage the project so that it will run in an organized manner. It supports both Custom and Automatic reminders. Using Automatic reminders you can get timely alerts of important events at the time you wants.

Security
For ensuring security you can create Roles and then assign these roles to users. You can restrict access to modules and forms. Moreover you can also restrict the actions a user can do in a form like whether he can only view the data, create/edit the data or create/edit/delete the data.

Import and Export from Excel
All data can be imported and exported using Excel spreadsheets.