Bonuses are quite a regular feature when your organization is growing. sumHR lets you manage employee Bonus Calculations for any given period on selected salary heads, with ease and simplicity.
Salary slips generally don’t include any bonus records. In order to help you manage this aspect, you can use sumHR’s Bonus feature to generate separate pay slips for bonuses you pay out to any employee.
Using sumHR’s Loan management features, you will not only be able to record Loan details for every employee, but also track all employee loans from Third Party with disbursement.
sumHR provides you with a dedicated loan management section which can help you manage and keep track of all your loans to employees. Our loan management features will streamline your interest calculations for you too!
Accounting for all the money you lend to your employees, is a critical aspect of your employee payroll process. That’s why sumHR will automatically prepare your Loan Ledger, Balance Summary and Monthly Recovery Report.
Adjustments during employee loan management is a regular affair for payroll managers. sumHR’s features will let you manage these adjustments with ease, whether it’s plain Loan Adjustments or EMI Calculations with or without interest.