Silk Payroll™ - Key Features
Organization Engineering
- Facilitate teamwork and job sharing
- Build a full history of organization data changes
Personal Income Tax Calculation
- Tax calculation rules are entered in the OLE formula engine. Silk Payroll handles the most complex tax calculations to comply with the local tax authority
- Generate reports with details on taxes
- Perform tax finalization at the end of the year, or when an employee resigns or is terminated
Social & Medical Insurance Calculation
- Calculate social and medical insurance automatically
- Generate social and medical insurance paid reports
Trade Union Fee Calculation
- Calculate trade union fees automatically
- Generate trade union fee paid reports
Overtime Allowance
- Define and create various overtime allowances
- Define and implement Time Off In Lieu (TOIL) component and calculate salary automatically
Payroll Processing Cycle
- Monitor your regular payroll cycle, from data entry to fully reconciled results
- View complete history of payroll results
- Mark erroneous calculations for retry, while keeping reconciled calculations intact
Earnings and Deductions
- Define unlimited number of allowances and deductions which are applicable for a specific period or start after an event
- Define an individual tax category for each allowance
Payroll Processing Rules
- Control your own processing rules and calculations using MS OLE
- Process payroll by employee, department or group, or for the whole organization
- Use Quick Pay to calculate an individual’s pay on-line and view the results immediately
- Use simple, easy-to-learn formulas
- Use conditional logic for more complex cases
Accrual Processing
- Manage your sick and vacation accrual plans automatically
- Specify your own accrual plans, parameters, amounts, carryovers and ceilings
Labor Distribution
- Split an employee’s pay across many different codes, or vary pay by project
- Allocate your costs to any level of detail
- Automatically feed your accounting information to the general ledger
System Security and Audit
- Only authorized users can access the system and modify the data
- Ensure that human resources staff and line managers have appropriate access to employee information
- Keep a complete audit log of all changes
Centralized and Distributed Access
- Maintain a single, centralized employee information warehouse. Centralize data or distribute it across many locations
- Allow access across LAN or WAN
Reporting and Ad Hoc Queries
- Use standard reports and inquiries to view and analyze your human resources data
- Use standard reports in both English and Vietnamese for regular reporting
- Define your own reports using “Crystal Reports”
Change and Date Tracking
- Keep a full historical record of pertinent human resources data
- View all changes made to any date-sensitive information
Dual Language Capabilities
Full concurrent multi-language capabilities takes you from English to Vietnamese at the click of a mouse button. Foreign managers can view in English, while local staff can view in Vietnamese at the same time.