BILLING
AND PAYROLL SOFTWARE OF SMART ADMIN AND FEATURES
An invoice or bill indicates the sale or supply of
products or services by one business to another or consumer. Ideally, the invoice shall contain
information about each transaction, buyer’s details, quantity, value, tax, and
payment terms. Payroll is another
important function in an organization for disbursing compensation to its
employees. A payroll report has the further utility for filings of compliances
like TDS, PF, ESI, PT, and more. While
billing or invoicing generates revenue, the payroll activities fall under the
expenditure head. Overall, the effort of
all enterprises is to create surplus through billing, and thus meet the
requirements of salary and other payments.
There are plenty of software tools for billing or
invoicing. The majority of such software
is structured to meet specific country invoicing or limited to specific
circumstances. Similarly, the tools for
payroll are abundant in the market. The
arrival of the excel sheet generated automation in payroll, followed by the
development of standalone software. Of
late, many companies have quickly assembled multiple tools in the mobile apps
to speed up their activities. This
market is much revolutionized with cloud-based software.
The cloud-based software as developed and sold under the
brand name – Smart Admin has many of the features needed for small and medium
enterprises to meet their need for billing and payroll software. The cost of subscription is the lowest in the
industry for Smart Admin, and it helps enterprises to move to the digitization
era with the least investment. The tools
of Smart Admin under billing and payroll help to generate invoices, configure
invoices per each country’s legal requirements, and generate tax reports /
monthly reports in addition to generating payroll. The timesheet entry of each staff member will
result in a set of data points in the system.
Smart Admin uses such data points and further generates billing and
payroll. It easily automates and process
payments to the workforce as well as generates an invoice for the work done
The subscriber has the option to display required data in
billing, update the data points with approvals, and generate reports. Smart Admin has the feature to automatically
apply rates in invoices based on the initial data configuration. The initial estimate as generated while
agreeing for a business transaction will turn out to be an invoice or bill and
the same will be further used for generating receipts and monthly reports. Thus, it saves a huge lot of repetitive tasks
and harnesses the data points in an organization to generate the required
reports.
The salary package can be created in multiple
combinations for employees that match with their offer letter. The automated time tracking and attendance
data points are used further to generate pay slips. The employer can configure and rename
allowances, and deductions and can set up custom rules to complete the
generation of pays lip. The feature of
leave and its activation results in capturing all paid leave, absence, and
overtime. The option to claim
reimbursements, loans, and tax deduction further simplify much of the manual
work.
The minute features incorporated in Smart Admin, and the
product sophistication with unique features differentiate SmartAdmin from many
of the other comparable products available in the market.
SMART ADMIN
is a cloud-based software for generating GST Compliant Invoice, Payroll
management, Timesheet, and Project Tracking – visit SMART ADMIN for FREE Trial and
Registration.
|