payroll and hrms software by Walletmix
We can not imagine company management without payroll and HRMS software. Running a business is hard enough – managing payroll and HR can be downright daunting. That’s where Walletmix comes in. We’re experts in payroll and HR software, making it easy for you to manage your workforce.
Our software is easy to use, making it quick and simple to enter employee information, track hours worked, and calculate paychecks. Plus, our HR tools make it easy to manage benefits, track employee files, and more.
With Walletmix, you can rest assured that your payroll and HR are in good hands. Contact us today to learn more about our software, or visit our website to see a demo.
Best HR and Payroll Software in Bangladesh
Agriculture, textiles, and garments are the three major components of our country’s economy. The pay and hr sector of the economy is growing rapidly, and businesses are looking for the best hr and payroll software to help manage their workforce.
There are so many different hr and payroll software programs on the market, but not all of them are equal in quality. The best hr and payroll software programs are those that are easy to use, reliable, and affordable. They should also include features that are important to businesses in Bangladesh, such as the ability to create payslips and track employee leave.
Some of the best hr and payroll software programs on the market include:
1. Sage 50 Payroll
2. ADP Payroll
3. Microsoft Payroll
4. QuickBooks Payroll
5. Xero Payroll
Each of these programs has its own strengths.
PAYROLL PROCESS MANAGEMENT by payroll and HRMS software
There is no question that payroll processing is a critical function for any organization. It is responsible for ensuring that employees are paid accurately and on time and that all necessary tax and regulatory compliance requirements are met. Given the importance of this function, it is critical that organizations have a sound process for managing their payroll operations.
The first step in any effective payroll process is to establish clear and concise procedures for all aspects of the process. These procedures should include detailed instructions for completing all necessary tasks, such as calculating pay, preparing paychecks, and filing tax returns. It is also important to have standard forms and templates for all key documents, such as time sheets and employee payroll records.
The next step is to ensure that all employees are properly trained in how to use the payroll system. This includes not only understanding the procedures themselves but also knowing how to use the various software applications and tools that are used in the process.
Employee self-service by payroll and HRMS software
Self-service HR and payroll software allow employees to manage their own employee files, benefits, and payroll information. By providing employees with online access to their records, this software can help improve communication and reduce administrative costs.
Self-service HR software can also help employees stay up-to-date on their benefits and compensation. Employees can view their paychecks, benefits, and tax information online. They can also update their contact information, emergency contacts, and other personal information.
Self-service payroll software can help businesses save time and money on payroll processing. Employees can view their pay stubs and tax information online. They can also submit time cards and expense reports online. This can help businesses reduce their administrative costs and improve their communication with employees.
The payroll and HRMS software that gives you control is employee management
It is a tool that enables managers to track employee performance, schedule shifts, and communicate with employees. Employee management software also allows managers to access payroll information, personnel files, and other important records.
There are many different types of employee management software, but all of them share the same goal: to help managers effectively manage their employees. Some of the features that are common to all employee management software include:
1. Employee scheduling: This feature allows managers to create schedules and assign shifts to employees.
2. Time tracking: This feature allows managers to track the hours employees work.
3. Communication tools: These tools allow managers to communicate with employees via email, chat, or telephone.
4. Employee records: This feature allows managers to access employee files, including payroll information and personnel records.
There are also a number of features that are specific to the type of employee management software.
Too much time is spent on payroll and HRMS software, not your business
You’re responsible for a lot as a small business owner. Also you are responsible for sales, marketing, product development, customer service, and, of course, HR. It’s easy to understand why you might not have time to worry about HR. But, did you know that spending too much time on HR can actually hurt your business?
You’re a small business owner, not an HR expert. That’s why it’s important to focus on your business, and leave HR to the experts. By outsourcing your HR, you can ensure that your employees are treated fairly and in compliance with all applicable laws. You’ll also have access to a wealth of resources and expertise, which will help you run your business more efficiently.
STATUTORY AND COMPLIANCE MANAGEMENT of Payroll and HRMS software
HR management
HR management is an important aspect of any business. It is the responsibility of the HR department to ensure that the company is in compliance with all laws and regulations related to employment and that the employees are treated equitably and in accordance with the policies of the company. The HR department also oversees employee benefits and compensation and may be responsible for hiring and firing employees.
This HR manager is responsible for overseeing the HR department and ensuring that it is effective and efficient. The HR manager is also responsible for developing and implementing HR policies and procedures, and for ensuring that the company is in compliance with all relevant laws and regulations. This HR manager may also be responsible for training employees on HR policies and procedures, and for resolving employee disputes.
The HR assistant is responsible for assisting the HR manager and the HR department. This HR assistant may be responsible for maintaining employee records, preparing reports, and answering employee questions. The HR assistant may also be responsible for conducting new employee orientations, and for training employees on company policies.
Payroll management
Payroll management is an important process in any company. It is the process of recording, tracking, and calculating employee salaries and wages. This also includes issuing paychecks and other related payments. Properly managing payroll is critical to the financial health of a company.
There are a number of steps involved in managing payroll. The first step is to calculate the wages of each employee. This includes calculating the hours worked and the rate of pay. The next step is to issue paychecks. This includes printing the checks and mailing them to the employees. The next step is to track employee hours. This includes tracking the hours worked and the hours paid. The final step is to file tax reports. This includes filing state and federal tax reports.
There are a number of software programs that can help manage payroll. These programs automate the calculation and issuing of paychecks. They also track employee hours and file tax reports. Programs such as QuickBooks and Peachtree are popular options.
Compliance management
HR & payroll are essential for any company that wants to remain in compliance with state and federal regulations. By automating HR and payroll processes, you can ensure that your company is in compliance with regulations related to employee record-keeping, tax filing, and more. Additionally, using HR and payroll software can help you save time and money by automating many of the tasks related to HR and payroll management.
When choosing HR and payroll software, it is important to consider the features that are important to your company. For example, if you need software that can help you track employee time and attendance, make sure to choose a software package that includes this functionality. Additionally, you should make sure that the software is compatible with your accounting software, to ensure that all of your data is in one place.
Finally, be sure to consult with an HR or payroll specialist to make sure that the software you choose meets all of your company’s compliance needs.
Conclusion:
Finally, outsourcing can also help you to improve your company’s compliance with HR and payroll regulations. By working with a company that is familiar with the latest regulations, you can be sure that your company is in compliance with all applicable laws. This can help to protect your company from potential legal penalties and fines.
LEAVE AND ATTENDANCE UPDATES by Payroll and HRMS software
Employers must keep track of employee leave and attendance in order to ensure they are in compliance with the FMLA. HR & payroll software can help you keep track of employee leave and attendance, and can automate the process of tracking and reporting employee leave.
The software can track the number of hours an employee has taken for leave and can generate reports that show how many employees are eligible for FMLA leave, how many FMLA leave hours have been used, and how many employees have returned to work after taking FMLA leave.
HR software can always be implemented in Bangladesh
Bangladesh is a great place to implement HR software because of its large and growing workforce. The country’s labor force is expected to grow by about 10 percent over the next five years, so businesses will need to implement HR software to manage all of the new employees. In addition, the cost of labor in Bangladesh is relatively low, so businesses can save money by implementing HR software.
There are many different types of HR software, so businesses in Bangladesh can find the right system for their needs. Some of the most popular HR software systems include payroll software, talent management software, and HR information systems. Each system has its own benefits, so businesses should research the different systems to find the one that is best suited to their needs.
The right HR Management Software is available in Bangladesh
We provide a complete, cloud-based HR solution with our software that automates and streamlines HR processes, from onboarding and payroll to benefits management and performance tracking.
Our software is designed to help your business manage employee data, compliance requirements, and HR processes more efficiently. The best of Our cloud-based platform makes it easy to access and manage employee data from any device, anywhere, anytime. Plus, our team of HR experts is available to help you get the most out of our software.
If you’re looking for a comprehensive, cloud-based HR solution, then walletmix is the right choice for you. Our software offers a range of features and benefits, including:
1. Automated and streamlined HR processes, from onboarding to payroll to benefits management and performance tracking
2. Comprehensive employee data management, including employee files, HR forms, and compliance tracking
3. Easy access to employee data from any device, anywhere, anytime
All main features here of HR and payroll by walletmix
Why Walletmix: Payroll and HRMS software?
There are a lot of different types of software out there, so why would you want to choose Walletmix?
Well, here are just a few reasons:
1. Walletmix is easy to use. The software is designed with the user in mind, so it is straightforward and simple to navigate. This makes it quick and easy to get up and running, so you can start using it straight away.
2. Walletmix is comprehensive. The software covers all the key areas of HR and payroll, so you can manage all your personnel and payroll processes in one place. This saves you time and hassle and makes life easier for your staff.
3. Walletmix is reliable. The software is backed by a team of experts, so you can be sure it will always be up-to-date and compliant with the latest regulations. This gives you peace of mind, knowing that your payroll processes are in safe hands.
Check more features>>>
You need everything you can get to do better work
There are a lot of different payroll and HR software options out there, so how do you know which one is right for you? The first step is figuring out what you need. What characteristics matter to you? Do you need software that can handle payroll, benefits, and HR, or are you just looking for a payroll solution?
once you are aware of what you require, do your research. Read reviews, compare features, and talk to other businesses that have used the software. Then, decide which software is the best fit for your needs and your budget.
Main Features of payroll and HRMS software
There are various features of HR and payroll software that make it an essential tool for any business. The key features of these programs are:
Common Settings
- Company Wings ( Add, Edit, View & Delete)
- Designation ( Add, Edit, View & Delete)
- Department ( Add, Edit, View & Delete)
- Office Time Schedule( Add, Edit, View & Delete)
- Section ( Add, Edit, View & Delete)
- Company Branch Office ( Add, Edit, View & Delete)
- Grade ( Add, Edit, View & Delete)
- Salary Payment Type ( Add, Edit, View & Delete)
- All Application & Certificate Authorized Signature ( Add, Edit, View & Delete)
Resignation & Settlement
- View Final Settlement
- Update Exit Employee
- Generate Final Settlement
- Final Settlement Notification
- Dismiss Employee List
- Final Settlement Report
- Resigned Employee List
- Retirement Employee List
Medical & Hospitalization
- TAX Chalan Entry ( Add, Edit, View & Delete)
- Salary Certificate
- TAX Certificate
- Salary Statement
- TAX Chalan Management.
- Experience Certificate
Confirmation & Evaluation
- Set Up KPI Form ( Add, Edit, View & Delete)
- Yearly Evaluation Entry ( Add, Edit, Delete)
- Manage KPI Form
- Yearly Evaluation View (View & Print)
- View Probational Performance
- Evaluate Probational Performance
Tax System & Certificate
- Medical & Hospitalization Benefit Statement
- Entry Medical & Hospitalization Benefit
- Medical & Hospitalization Benefit Report
- Entry Medical & Hospitalization Benefit Limit
- Medical & Hospitalization Benefit Limit List
Employee Setup
- Employee ( Add, Edit, View & Delete)
- Manage Employees
- Database of Employee ( Employee Related All Report)
- Employee ID Card
Salary & Benefits Management
- Salary Bank Sheet
- Festival Bonus Generate
- Salary Generate
- Festival Bonus Bank Sheet
- Salary Report
- Festival Bonus Report
- Salary Summary
- Provident Fund Statement
- Salary Increment Entry
- Add Previous Increment History
- Provident Fund Set Up
- Salary Increment Statement
- Provident Fund Report
Attendance Management
- Manual Attendance entry
- Attendance Delete
- Attendance Device To Software Integration
- Daily Attendance Report
- Attendance Log Report
- Monthly Present & Absent Report
- Attendance Log Details
- Daily Present Report
- Job Card Details
- Daily Absent Report
- Continuous Late Report
- Daily Leave Report
- Out Time Missing
- Daily IOM Report
- Overtime Report
SMS / EMAIL
- SMS API Integration
- Email API Integration
- Send SMS Employee's Contact number
- SMS/Email Send History
- Send Email Employee's Email ID
Allowance
- Report(All Allowance Report)
- Garden Allowance
- Car Allowance
- Others Allowance
- Arrear
Loan Management
- Personal Loan Report
- Bike/Car Loan Report
- Personal Loan Entry
- Bike/Car Loan Entry
- Loan Statement
- Bike/Car Management
Deduction
- PF Deduction
- Mobile Bill Deduction
- TAX Deduction
- Loan Deduction
- Absent Deduction
- Report (All Deduction Report)
Leave Management
- Leave Report
- Manage Holiday
- Application Entry Leave
- Leave Adjustment
- Manage Leave Application
- Leave Application Notification
- Add Holiday
- Leave Type Entry
- Statement of Leave
HR Management
- Entry Job Description ( Add, Edit, View )
- Probational Employee List
- Job Description
- New Promotion
- Add Previous Promotion History
- Promotion History
- Confirmation Report
- New Transfer
- Employee Service Record
- Transfer History
- Employee's Service Length
IOM Management
- IOM Application Entry
- Manage IOM Application
- IOM Application Report
User Management
- Accounts Panel
- HR Admin Panel
- Admin Panel
- Super Admin Panel
- Branch Office HR Panel
- Department Head Panel
- Employee
Our customers give us their opinions about the payroll and hrms software
REQUENTLY ASKED QUESTIONS
What is HR management software?
to help businesses manage their employee data. Some HR management software can track employee hours and pay, while others can help manage benefits and insurance plans. Many HR management software programs also include modules for tracking employee training and performance.
What is payroll management software?
Payroll management software is a computer program that helps businesses manage employee payrolls. It can automate many of the tasks involved in payroll, such as calculating paychecks, tracking hours worked, and issuing payments. Payroll management software can also help businesses stay in compliance with state and federal labor laws.
What are the benefits of using HR and payroll software?
The use of HR and payroll software can provide a number of benefits for businesses. Perhaps the most obvious benefit is that it can help to automate many of the processes associated with HR and payroll, making them more efficient and accurate.
How much does HR and payroll software cost?
The cost of HR and payroll software varies based on the features and capabilities that are included. Some software can be as little as a few hundred dollars, while more comprehensive software can cost thousands of dollars.
It is important to consider the needs of your business when selecting HR and payroll software. Make sure to find software that includes all the features you need, such as payroll processing, time and attendance tracking, benefits management, and HR reporting.
How does payroll software help businesses?
Small businesses need to be efficient and effective in order to be successful. This is especially true when it comes to payroll. The right payroll software can help a small business by automating the process, making it easier and faster to manage.
What types of businesses can benefit from HR and payroll software?
Almost any business can benefit from HR and payroll software. Software that automates these processes can save a business time and money. It can also help ensure that employees are paid accurately and on time.
Some of the types of businesses that can benefit from HR and payroll software include:
1. Small businesses
2. Midsize businesses
3. Large businesses
4. Nonprofit organizations
5. Government organizations
What features should organizations look for in payroll software?
In order to make the best decision for their organization, decision-makers should ask themselves the following questions about their business’s payroll needs:
1. How many employees do we have?
2. What kind of payroll processing do we currently do (manual, semi-automated, or automated)?
3. What kind of reporting do we need?
4. What kind of tax filings do we need to do?
5. How often do we need to pay employees?
6. What kind of pay frequencies do we use (weekly, bi-weekly, monthly, etc)?
7. Do we want to be able to offer employees direct deposit?
8. Do we want to offer employees online access to their paystubs?
9. Do we want to offer employees the ability to change their withholdings?
10. Do we want to offer employees the ability to review and approve their paychecks before they are printed?