MAIN FEATURES
Fully Menu Driven and User Friendly;
Network ready;
Allows Weekly, Semi-Monthly and Monthly Pay types for Daily rate and Monthly rate employees;
Allows Employee Code Size up to 10 Characters;
Provides a table for pre-defining Withholding Periods for a whole Fiscal Year;
Allows printing of reports by Level and/or by Sub-Level;
Provides data entry for Year-To-Date Files;
Provides data entry for Previous Employer Files;
Automatically computes the incurred leaves and also monitors leave credits and balances; converts the unused Vacation and Sick Leave/s to cash;
Automatically calculates the Withholding Tax, SSS, PhilHealth, EC, and Pag-IBIG contributions using the built-in tables;
Computes 13th Month Pay and Bonuses;
Computes exemption of 13th Month pay and other Bonuses from tax payment pursuant to the provisions of RA 8424 of the Bureau of Internal Revenue (BIR);
Allows entries for additional Taxable Income, Non Taxable Income, Adjustment, Deduction and Loan; For the Deduction, it can be taken from the employee’s Bonus or 13th Month pay aside from his/her Regular Pay;
Allows unlimited no. of optional Adjustments, Deductions, Loans, and Leave codes that can be defined;
Allows maintenance of employee loans (company or SSS), automatically deducts loans and computes outstanding loan balances;
Generates SSS Salary Loan reports in print and in diskette (MLAD Diskette);
Generates sorted print outs for Leave, Other Taxable Income, Non-Taxable Income, Loan, Adjustment, Deduction and Bonus Files based on codes;
Allows processing of Payroll/Bonus/13th Month/Salary Increase and generates reports for All or Selected Employees, Levels, or, Sub-Levels only;
Generates Monthly and Quarterly reports for SSS/Medicare/EC and Pag-IBIG contributions through print and diskette;
Generates Monthly and Yearly Withholding Tax Reports;
Provides setting of payment (beginning of the month, every pay, or end of the month) for Deduction, Loan, Other Taxable Income, and Non-Taxable Income entries;
Provides Password Security to control data entry and prevent unauthorized viewing to ensure data protection;
Password module limits the access levels of users to Full-Control or View/Read-only permissions;
Generates Payroll Journal Entry report in print and in diskette;
Allows the display of Company Logo on payroll, bonus, and 13th month pay slips.
Computes Salary Increase of employees based on their specified Pay Class Codes; and allows automatic computation of retroactive adjustments on Basic pay and number of days to be adjusted;
Allows User Classification for Confidential and Non Confidential pay type;
Allows the user to define different types of Overtime in the Timecard entry to accommodate the existing setup in your company;
Accommodates the 10% Withholding Tax Deduction and generates necessary reports for Professionals;
Generates an Audit Trail Report; Keeps track and records the entire transactions made by the users on the MSI Payroll system;
Allows locking of pay periods to prevent data alterations on the previous payroll periods;
Allows decentralized remittance of Premium Contributions such as SSS, Philhealth, Pag-IBIG as well as Withholding Tax; the system provides option to define the branches of different government agencies where employees’ premiums/withholding tax should be remitted;
Allows ADDITIONAL withholding tax amount for the Payroll, Bonus and 13th Month;
Automatically checks the no. of qualified dependents for tax computation;
Allows suspension and resumption of deduction and loan;
Automatically saves the name and its position to the reports with corresponding official signatory;
Generates a report that will display a summary of employee’s which no account no.
Provides option to save all reports in PDF or HTML format;
Provides On-Line Help
Reports Generated
Payroll
Payslip
Register
Bank Summary
Cash Denomination
Payroll Summary
Bonus
Payslip
Register
Bank Summary
Cash Denomination
13th Month Pay
Payslip
Register
Bank Summary
Cash Denomination
PAYROLL JOURNAL
By Account Code
By Level Code
History Report
Adjustment
Deduction
Leave
Leave Filing
Leave Conversion
Loan
Overtime
Other Taxable Income
Non-Taxable Income
Bonus
13th Month
Salary Increase
Absences
Tardiness
Undertime
Withholding Tax
SSS/EC
PHIC
Premium Contribution
Employees Net Pay
Payroll
Bonus
13th Month
BIR Reports
Monthly Remittance
2316 (formerly Form W-2)
Income Tax Return (ITR)
Alphalist (1604)
Expanded Withholding Tax
Monthly Remittance
Certificate of Creditable Taxes Withheld at Source (2307)
Annual Gross Income & Tax Withheld Report
SSS Report
Monthly Remittance
Transmittal Report
Monthly/Quarterly Report (R-3) / NR3001 DK Diskette
Payment Return (R-5)
SSS Loan Repayment
Loan Transmittal List
Collection List
Payment Return
PHIC Reports
Transmittal Letter
Contribution Payment Return (M-5)
Employer Month/Quarterly Remittance (RF-1)
Pag-IBIG Reports
Membership Remittance Report
Monthly Remittance
Quarterly Collection List
Pag-IBIG Loan Remittance