Manage monthly payroll, expenses, and process payroll
On Bayzat, you can manage your entire payroll process online. Payroll is divided into 3 core parts; you can choose to use all of them or only those that fit your internal company processes.
1. Payroll Management
Payroll management includes the following activities you can prepare and run on the platform:
Salary calculations and adjustments to include basic, allowances, deductions and any other salary components on your payroll table every month
Closing payroll when needed for (1) all employees, (2) individuals/groups at different times of the month, (3) certain components of salary payments only
Generating SIF files for any closed payrun to be processed via WPS
Generating Payslips upon closing payrun
2. Expense Management
Expense management includes submitting and approving reimbursements throughout the month which can be added to individual employee salaries or paid offline or in advance of a pay cycle.
3. Payroll Processing
Utilizing Bayzat's partnership with Lulu Exchange to process and pay out salaries to employees on a monthly basis.