Pay Runs
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 both Regular Payroll and Termination Payroll in Zoho Spend.
Regular Payroll:
Regular payroll is the standard and recurring process of paying employees based on your organization’s pay schedule.
Termination Payroll:
Termination payroll helps process the final payment for employees who are leaving the organization, including severance pay or unused vacation pay.
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 feature allows you to review and manage your payroll records efficiently, ensuring compliance and quick access to historical data.
Prerequisites to Run Payroll
Before you can start running payrolls for your organization, make sure you have completed the following:
- Configure your pay schedule
- Configure taxes
- Configure direct deposit
- Add employees
- Configure Prior Payroll, if enabled
Regular Payroll
- Process Regular Payroll
- Review and Update Regular Payroll
- Submit and Approve Regular Payroll
- Record Payment for Regular Payroll
Bonus Payroll
Off-Cycle Payroll
- Create an Off-Cycle Payroll
- Add Employees to the Off-Cycle Payroll
- Submit and Approve the Off-Cycle Payroll
- Record Payment for the Off-Cycle Payroll
Termination Payroll
- Terminate an Employee
- Add Termination Payroll Details
- Submit and Approve the Termination Payroll
- Record Payment for the Termination Payroll