|
|
Our product and technology teams had the luxury of designing and building PaySpace
from scratch and were therefore able to create an intuitive and modern payroll solution.
We threw out many legacy payroll approaches such as the month end pay-run concept
and greatly simplified data capture by embedding legislation into the software thereby
minimising the number of fields and forms that a user is required to fill in.
Click image to enlarge
PaySpace has a real-time calculation engine which means that as input is added to
the system, the relevant employee figures are automatically calculated. This means
that there is no need to run a formal pay-run to close off or finalise a period
at month end which usually means the entire business needs to log-off the system
in order to perform calculations and do backups - this is an extremely time consuming
exercise. With PaySpace there is no downtime and all users can access the system
and pull relevant up-to-date reports at any time thereby maximising all users productivity.
PaySpace helps you comply with all legislative requirements by automatically calculating
the correct PAYE, UIF, SDL and OID figures. There is no need to
download any "new version" in order to update your software with the latest
tax tables and legislative changes - you are always using the latest
version whenever you log onto PaySpace. For the larger organisations we provide
employment equity reports and a report for Statistics SA.
We automatically declare all employee's UIF earnings to the Department of Labour
so there is yet another task you no longer have to worry about. All leave payments
are calculated according to the Basic Conditions of Employment Act
and PaySpace also caters for various tax calculation methods such
as directive, director's tax etc.
SARS have released a software package called e@syFile to assist
taxpayers manage their interactions with SARS quickly, easily and conveniently on
their desktop. PaySpace provides an electronic file that can be imported directly
into e@syFile, saving an employer all the effort of having to manually reconcile
and submit their employees earnings to SARS.
Download e@syFile.
It goes without saying that PaySpace has all of the usual payroll functionality
that is expected of most payroll systems, however, we have vastly improved the way
in which typical tasks are performed on a monthly basis allowing the user to work
more efficiently. Here is a list of some of the payroll features we offer:
Click image to enlarge
- Ability to pay weekly, fortnightly and monthly employees in a single company
- IRP5's and IT3A's are available instantly every period (not just at year end)
- Ability to set up limitless earnings and deductions
- Create limitless additional runs to cater for late payments, bonuses and commissions
- Administer all components, funds and contributions etc on a single form
- Administer changes directly on an employee's payslip
- Upload figures in mass via excel spreadsheet
- PaySpace contains all medical aid rates, no need to obtain these manually
- Draw a bank file for all major banks at the click of a button
- Full audit trail on all forms
- Schedule standard reports or draw immediately in pdf or excel format
- Ability to cost figures to any cost center
- Ability to configure your GL requirements based on cost center codes
- Add components to employees via predefined templates instead of capturing one by
one
- A simple easy to use YTD take on facility is available so that 1 tax certificate
can be produced
|
|