KwikPayLite NewsLetter from SYSNET ASSOCIATES (INDIA) PRIVATE LIMITED. Issue No: 006 Date: 1st March 2008
In this Issue, we will see how the 'salary Abstract', 'PF Accounts' and 'PF Abstract' profiles are updated. Payroll process is done in the Salary profile. On saving the salary data, KwikPayLite will update the necessary Business Elements in Salary Abstract, PF Accounts & PF Abstract. The consolidated value of all the earning and deduction heads is updated on processing the salary for the month. The data stored in this profile helps to generate various MIS reports.
When you add a new data in the ‘Month’ profile, KwikPayLite automatically creates an entry in the 'Salary Abstract'and 'PF Abstract' profiles. In the 'PF Account' profile you need to manually create the entries for the particular month before proessing the Salary for the month. 		Business Software Solutions
Editor: Mr. M.V. Santhanam
KwikPayLite license comes with SpApp product, with specific use for KwikPayLite.
KwikPayLite - Your Payroll Software.


Above screen shows the Salary Abstract data.

Some Important Elements in Salary Abstract Profile:

Year Name: The Year for which the PF Abstract data belongs.
Month & Month Name: The Month for which the PF Abstract data belongs.
Assessment Year: The Assessment Year, this is based on the Assessment Year mentioned in the ‘App Information’ screen.
Total Basic Pay: The total Basic Pay for the month.
Total Dearness Allowance: The total Dearness Allowance for the month.
Total House Rent Allowance: The total House Rent Allowance for the month.
Total Conveyance Allowance: The total Conveyance Allowances for the month.
Total CCA: The total CCA for the month.
Total Medical Allowance: The total Medical Allowances for the month.
Total Other Allowances: The total Other Allowances for the month.
Total Gross Salary: The total Gross Salary for the month.
Total PF Deduction: The total PF Deduction made for the month.
Total ESI Deduction: The Total ESI Deduction made for the month.
Total PT Deduction: The Total PT Deduction made for the month.
Total Advance Recovered: The total Advance Recovered for the month.
Total TDS: The total amount of TDS for the month.
Total Other Deductions: The total of any Other Deductions made for the month.
Total Gross Deductions: The total of the Gross Deductions made for the month.
Total Net Salary: The total Net Salary for the month.
Total ESI Contribution Employer (4.75%): The total amount of contribution towards ESI made by the employer for the month.
Payment Date: The date on which the salary was paid. To be manually entered.
Tax Deposited Date: The date on which the Tax (TDS amount) deposited in the bank. To be manually entered.




Q&A: Your Questions are answered by KwikPayLite Experts, below.
Question 1: How do you provide upgrades on KwikPayLite?
Answer: KwikPayLite is managed by you, on all fronts. You can change it without programming. In limited scenarios of major law changes by the government, we provide upgrades. These upgrades are made available in our web site.

Question 2: In the KwikPayLite package, we found a chart. How to use it?
Answer: The Chart is KwikPayLite's Business Process Chart. It helps you to get a quick overview on what KwikPayLite can do for you. Using this chart, you can plan your activities for payroll - Establishing the software for your company, Monthly processing, Reports and so on. It acts as a guide to get started quickly. Check on the Help (press F11 Key) to know completely about each activity.

Question 3: We do not have a practice of giving Payslips to employees. Do we still need to print Payslips?
Answer: Not required. Payroll job takes care of all updates. Any report that is available is meant for MIS or Statutory requirements only. They can be printed at anytime or skipped.

Question 4: Hi, I bought a KwikPayLite package. While installing it, it asked for some .Net Framework. What to do?
Answer: KwikPayLite needs Microsoft .Net Framework. It is free from Microsoft. The freely redistributable kit is available in KwikPayLite CD. During installation, just press 'Yes' to install .Net Framework and proceed to install from KwikPayLite CD. After this, the Payroll product also gets installed.

Question 5: I added an Employee record, then added a record in Payscale profile for this employee. It came as duplicate. Why?
Answer: After adding an Employee data, the Payscale and Personal Info data are automatically added. Hence, you need to just alter them, using Modify option. Please check Help by pressing F11 key. Also try out the Tutorial topic - "How to enter a New Employee?", to learn more.
Thanks for reading. Please do write to us at info@SysnetIndia.com, at any time with your queries. We'll return with more soon, in the next NewsLetter.
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