Payroll is an integral part of a company’s operations in every organization. It is very important for a company’s financial accounting as well as for its recipients i.e the employees.
Odoo supports this feature to a great extent and it is quite easy to configure and manage Payroll in Odoo. Odoo Payroll is also well linked with Accounting Module which allows an organization to track the Payroll entries registered towards salary accounts within a financial year.
Configure key informations for payslips
Contract includes everything required to compute the salary slip of an employee.
Contract is linked with employee that contains key information like Basic(Wage), Salary Structure, Scheduled Pay(monthly/weekly), Working Schedule etc.
This is important as Payslips are generated on the basis of salary structure which consists of Allowances, Deductions etc.
Integrated payroll computation
1. Payslips Batches
To compute payslip in a batch with several employees, create a payslip batch
Give a name and select payroll date
Then click on Generate Payslips to compute all employee slips
Select all employee
Click Add an item to add all employees you want to generate payslip.
Tips: use the filter if you don't want to create for all employee. You can also define default filter.
Then click on Generate to create the payslip of all selected employees
>>All the payslips can be seen in the menu Employee Payslips
Adjusted to your company
C onfiguration is an important feature of payroll that link payroll with accounting. It’s always crucial that we have to make entries in our accounting for those transactions. Once we install Payroll Accounting module,we can enable this feature and make use of it.
Salary Structure & hierarchy
Employee, Worker, Marketing Executive, ...
Salary Structure is a component that decides what should be the Salary of an employee, considering factors such as the individual’s category in an organization, the length of service and the responsibilities an individual is handling etc. It defines a set of rules usually applied to a category of employees. Salary calculation after considering all the allowances, deductions and incentives (if any) etc.Create and change the structure of all the different kinds of salaries your company has.
Create individual accounts and categories for Basic, Allowance, Deduction, Gross, Net, Company Contribution, etc which is essential to categorize your Salary Rule.
All the rules will have there individual accounts created as other accounts.
Compute data like allowances, deductions, meal voucher, net, taxes, contribution registers, etc.
Define salary rules by using the expression. Salary rules are important part of the Salary Structure. Define conditions, Range & Python Expression depending upon the requirement. Amount Type can be Fixed Amount, Percentage & Python Code.
Define the different computations per type of salary (cfr. previous image)
Social Security. Accor Meal Vouchers, …
Contribution Register can track the contribution of the employee and company. It is a register that contains to whom the company or the employee have to pay taxes.
Add all the different kind of registers where all the payroll records will be saved according to the type of payroll.
D efine proper Salary Journal against Payslips and proper Accounts against Salary rules
Once confirm payslip, it will create journal entries as per our account setting. By this way, we can manage employee salary payment using Odoo Payroll module.
Finally, we can print payslip report for an employee.