Top Paybooks Alternatives and Overview

Processing and generating payrolls is a cumbersome task. Moreover, it is also a recurring one with payrolls having to be generated at the end of every month. With multiple considerations coming into the picture, the process of payroll generation often gets delayed. Although with the introduction of several online tools the process has eased considerably, but the pain points remain. The problem is further compounded by the fact that different countries have different compliance laws and tax deduction rules. Therefore, the idea of a one-size-fits-all tool seems farfetched and unrealistic. Additionally, some countries like India have a rapidly developing and evolving tax structure.

The compliance features

Such laws and tax structures necessitate the frequent updation of the payroll tools, which not many developers are able to. Therefore, to solve such issues and offer users with a tool that always stays updated and relevant, Paybooks offers the payroll management system. The tool offers numerous India-specific features that make it extremely easy for businesses in India to conform to all the latest norms and process payrolls in a short duration. From Provident Fund payments to Professional tax deductions to Employee state insurance payments, the tool takes care of everything. All the users have to do is click on a few buttons, and that’s it.

Other options on offer

Apart from the compliance features, the other features on offer include Guided Payroll run, preview reports, and employee exit management. Moreover, features like auto-sync with biometric devices and automated generation of salary slips are also supported by the tool. These tools help the users in simplifying the process and also making it significantly faster. The other talking point about the tool is the mobile app on offer. Payrolls are an important document for employees. They need it for documentations at several places. With the mobile app on offer, the employees need not worry about its availability as they can access it anywhere and at any given point in time.

How secure is Paybooks?

Money matters demand the highest level of security, and therefore, Paybooks uses 128-bit data encryption and SSL to ensure that. The other features on offer include document management and shift management. All-in-all, Paybooks offers a wide variety of features across multiple domains and makes the payroll generation process simplified and transparent for the users and employees alike.

Company Name: Paybooks

Founded in: 2012