A Salary or Payroll sheet is a document that includes complete details of the amount payable to a11 employee for work done during a particular month. It includes details like Payable Day, Basic Pay, Fixed and Variable allowances, Deductions, PF, ESIC, Income Tax, Net Amount, etc. of all employees. Usually, the payroll sheet file should be in the excel file or any spreadsheet format.

A Salary Payslip or Salary Slip is a document that contains a detailed list of various components of salary along with specific details of employment. It is issued every month by an employer either in the form of a printed hard copy or an electronic copy. A payslip should contain a company logo along with the company name and address.

Every company at end of every month must prepare a payroll sheet, also known as a salary register. The payroll sheet contains details of all employees and the net salary paid to them. Usually, most companies prefer to have a payroll software which covers detailed payroll compliance setting. With payroll software employer is free from keeping updated on the latest amendments on statutory changes. But those employers who cannot afford to opt for payroll software would prefer to use PayHR Payroll sheet and Salary payslip.

With PayHR Payroll sheet, you will have to just follow the below process;

Following is the disadvantage of using a manual payroll sheet;