Payroll calculation in OMNI requires the following steps:
- Create Payroll Heads (Welfare):
- Payroll Heads refer to the structure of Salary to an Employee. In OMNI Payroll Heads are called Welfare.
- Welfare maybe either an Earning or a Deduction.
- Defining/Modifying Welfare is usually done at the time of OMNI implementation or infrequently on an as-needed basis.
- Setup Welfare Allowances:
- Welfare Allowances are the amounts for each welfare to be paid to the Employee during a Payroll Run.
- Allowances need to set/changed before initiating a Payroll.
- Finalize Attendance.
Once these 3 steps have been completed a Payroll Run maybe processed. A Payroll run calculates the Pay of Employees according to the rules defined in the Welfare and generates a Payslip.