Pay Runs - Overview
A pay run is the process of compensating your employees for their work, involving the calculation of total net pay, withholding taxes and deductions, filing payroll taxes, and making tax payments. Managing your payroll efficiently is crucial, as it is one of your top expenses.
The Pay Runs module in Zoho Spend allows you to handle various payroll types efficiently, ensuring all aspects of employee compensation are managed accurately and on time.
You can process the following using Pay Runs:
- Regular Payroll: The standard and recurring process of paying employees based on your organisation’s pay schedule.
- One-Time Payment: Make payments to your employees outside of their regular monthly or periodic salaries.
- Off-Cycle Pay Run: Make payments outside the regular pay schedule for unique payments that don’t align with the standard payroll cycles.
- Termination Payroll: Process payroll for terminated employees who were not compensated at the time of termination.
Prerequisites:
- Add employees completed profiles in your organisation.
Payroll History
The Pay Runs module includes the Payroll History tab, which provides a comprehensive list of all the payrolls you have processed in the past. This allows you to review and manage your payroll records efficiently, ensuring compliance and quick access to historical data.