Payroll Management
Payroll Management
ABMSZ ServicesReceive employee information from the client company, including employee names, employee identification numbers, employment contracts, and tax identification numbers (TIN).
Verify the accuracy and completeness of the received employee information.
Input employee information into the payroll software system, ensuring accurate data entry and validation.
Calculate employee wages, salaries, and other compensation based on the client company's policies and relevant Sri Lankan laws, including income tax withholding, Employee Provident Fund (EPF) contributions, and Employees' Trust Fund (ETF) contributions.
Prepare and distribute pay slips to employees electronically or in print format, as per the client company's requirements and Sri Lankan legal requirements.
Prepare and file payroll-related taxes, including income tax withholding, EPF contributions, and ETF contributions, to the relevant Sri Lankan government agencies within the required deadlines.
Reconcile payroll transactions, including wages, taxes, and other deductions, to ensure accuracy and compliance with the client company's policies and applicable laws.
Generate various payroll reports, such as payroll summaries, tax reports, EPF and ETF reports, and other relevant reports, for the client company's review and analysis.
Respond to employee inquiries related to payroll, tax, EPF, and ETF matters, and resolve any payroll-related issues in a timely and professional manner.
Maintain confidentiality and security of employee information and payroll data, in compliance with the client company's policies and relevant Sri Lankan privacy laws.
Stay updated with changes in Sri Lankan payroll laws and regulations, and update the payroll software system and processes accordingly.
Provide periodic payroll reconciliation and financial reporting to the client company for review and audit purposes.
Coordinate with the client company's finance and HR teams to resolve any discrepancies or issues related to payroll, taxes, EPF, or ETF.
Maintain proper documentation and record-keeping of all payroll-related transactions and activities for audit and compliance purposes.
Continuously review and improve the payroll management process to ensure efficiency, accuracy, and compliance with the client company's requirements and relevant Sri Lankan laws.