What is meant by Remuneration, one-time payments and bonuses?
The term "support for recording and processing of salaries, one-time payments, and allowances" refers to the automated and user-friendly handling of salary components in software. This includes regular salary payments (salaries), one-time payments like bonuses or awards (one-time payments), and additional compensations such as night shift or overtime allowances (allowances). The software assists companies in efficiently managing these payments, ensuring compliance with legal regulations, and performing payroll calculations accurately and error-free.
Typical software functions in the area of "support for recording and processing of salaries, one-time payments, and allowances":
- Recording of Salary Components: Automated recording of regular salary payments and variable compensation components.
- One-Time Payments: Integration and management of bonus payments, awards, or other special payments.
- Allowance Calculation: Automatic calculation of allowances for overtime, shift work, night work, and weekend work.
- Payroll Processing: Generation of detailed payrolls, considering salaries, one-time payments, and allowances.
- Integration with Accounting: Automatic transfer of recorded payments into financial accounting for cost control and reporting.
- Tax and Social Security Deductions: Calculation of statutory deductions based on various salary components.
- Reporting: Creation of reports on salary developments, allowances, and one-time payments for analysis and planning.
