Previously in our blog we had talked about electronic payroll with Odoo, its functions and benefits, in this blog we will review what electronic payroll is, and its functions, in addition to showing you the Vauxoo payroll module for Costa Rica.
What is electronic payroll?
Electronic payroll is a digital document that is the equivalent of traditional employee payroll.
The payroll receipt is proof of the services that an employee provided to a company, this file records that the company complied with the payment of said services, it also breaks down benefits, bonuses, punctuality awards, overtime and the deductions that are made by law.
Remembering that there are several contributions that both the employee and the employer must contribute according to Costa Rican law, they must be well configured to avoid legal effects.
What are the advantages of automating payroll?
Having a payroll software is very important for companies today, because it allows establishing a calculation process that is certified in the market, giving space to staff to audit and control payroll management.
Among the advantages of automating payroll are:
Reduction in times.
The use of software makes it possible to streamline the process of calculating working days and contributions per employee, avoiding manual handling.
Accessibility and data protection.
Being a payroll system, you can be certain that the formulas and calculation methods are not modified by anyone who has access. It makes possible the auditing of the changes and the backup of the data.
Scalability.
By having a commercial payroll system, we allow the updates that are made at the level of laws and regulations to be certified in their operation, leaving aside the manual calculations and, therefore, that there are differences of interpretations between the personnel that makes the adjustments.
Vauxoo Costa Rica Payroll
The Vauxoo module was created to adapt and complete the Odoo modules to Costa Rica's salary rules and obtain an efficient flow in payroll calculation.
Benefits of the Vauxoo module
Among the benefits of using the Vauxoo module for payroll, we have:
Create salary rules
It allows generating the TXT file for the payment of INS policies.
It allows generating TXT files for bank payroll payments.
Payroll calculation automatically, weekly, fortnightly, monthly.
Automatic bonus calculation.
Accounting payroll entries per employee. This allows the automatic generation and classification of provisions for each of the company's social responsibilities.
Automatic calculation of employee deductions for disabilities, work permits, absences, employee loans, solidarity association, etc.