Arrow Financials – Payroll Module

The ARROW accounting system has been designed to ensure ease of use, together with powerful features and functionality. This is particularly true of the Payroll module.
The Payroll module allows the operator to set up an individual pay in any form required. This provides for enormous flexibility in the way the payroll is prepared.

Features

• PAYG payment summaries generated.
• Ability to accumulate entitlements at different rates for the one employee.
• Calculation of employers occupational superannuation.
• Able to run stand alone or integrated to other modules.
• Runs under both single and multi-user operating systems.
• Ability to reverse all or part of a pay run after it has been processed.
• Provision to include user defined details to be stored on each employee, e.g. next of kin, medical details, etc.
• Ability to maintain tax scales in line with taxation.
• Ability to perform bulk pay updates.
• Update to selected general ledger accounts, if integrated.
• Able to process different combinations of payroll. E.g. Weekly, Fortnightly, Monthly, etc.
• Provision to set up and maintain multiple leave entitlements in line with award regulations.
• Automatic posting to Cashbook and Job costing, if integrated.
• Choice of calculating leave accruals on a pro rata, fixed or annual basis.
• Ability to automatically process employee pay, where no alterations too normal pay is required.
• Automatic calculation of tax and leave accruals for each employee.
• Ability to enter notes on employee details.
• Automatic calculation for accrual of entitlements, i.e. sick leave, annual leave, long service leave and rostered days off.
• Choice of payment by cash, cheque, bank transfer or combination of these.

Reports

• Cost center analysis.
• Transaction list.
• Sign off list.
• Coinage analysis.
• Employee list.
• Bank transfer list.
• Group certificates.
• Pay slips.
• Payroll summary.
• Payroll history.
• Exception report.

Benefits

• Arrow automatically calculates your gross, tax and net payroll values decreasing the risk of error
• Pay slips, cheques and coinage analysis reports can be produced easily.
• You maintain the tax scales, so you can respond immediately to any tax changes.
• Mistakes can easily be corrected, by reversing and re-running the required payroll.
• Arrow will automatically accrue and update your employees’ leave entitlements.
• Arrow allows you to create and maintain your pay items and leave entitlements in line with YOUR award regulations.
• Arrow reduces the time it takes to maintain your payroll by automating all of your normal time consuming and repetitive tasks. Standard pays that rarely change can he automatically produced with a few keystrokes.

Integrated Solution

The payroll module has integration links to the following Arrow Financial Modules:

• General Ledger
• Job Costing
• Cash Book

Payroll module available in Australia only.