Payroll Management System in Odoo 16 | How to Use Odoo 16 Payroll Management System

Payroll management refers to the process of administrating an organization's employee compensation, which includes calculating and distributing salaries, wages, bonuses, and deductions.
#odoopayroll
Video Chapters
00:40 - Introduction
09:10 - Configure Employee, Contract.
16:18 - Configure Salary Structure, Rule, and Salary Attachment
21:17 - Payslip to Pay
25:22 - Rule Parameter and Rule Category
#odoo16 #odoofunctionalvideos #odoovideos
This process involves various tasks, such as:
Employee Information: Collecting and maintaining accurate employee data, including personal details, tax information, employment status, and salary details.
Time and Attendance Tracking: Monitoring employee work hours, attendance, and leaves to accurately calculate their compensation.
Salary Calculation: Calculating gross wages or salaries based on factors like hours worked, overtime, commissions, and any other applicable payments.
Deductions and Taxes: Calculating deductions for taxes, social security, retirement contributions, health insurance, and other benefits, and ensuring accurate compliance with local laws and regulations.
Benefits Administration: Managing various employee benefits, such as health insurance, retirement plans, and other fringe benefits.
Payroll Processing: Processing payroll data to generate paychecks or direct deposits for employees, considering deductions and taxes.
Record Keeping: Maintaining accurate records of payroll information, including pay stubs, tax forms, and payment history.
Compliance: Ensuring compliance with labor laws, tax regulations, and other legal requirements related to payroll.
Reporting: Generating reports for management and accounting purposes, including payroll expenses, tax liabilities, and other financial analyses.
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[@sufistar]

Which cash / bank account is attached with salary payment??? Where is the accrual entry for the same???

[@cybrosys-technologies]

The salary expense will be paid From the company bank or cash. For accrual entry, you must add a journal entry corresponding to it

[@AsmaaSayed-tt2rh]

Is there a way in Odoo to calculate overtime without any input? It adds it to the salary

[@cybrosys-technologies]

An extra hours feature is available in the attendance module of Odoo. enabling this feature will help to show the extra hours of the employee. you can create a new salary rule for extra hours using Python code and add this rule to the salary structure of the employee

[@mahnoorkhan3395]

I usually don't comment on things like this, but Cybrosys, these kind of videos are not expected from you. Extremely Disconnected, Zero Conclusions, and the presenter has no idea what to say. Please remake a good video as Payroll is really important and has a lot of good features to be explained.

[@siddharthr4704]

This is what I felt. Just for the sake the released the video. She just click things and says what are available and then move next. What is the use of such video?

[@HusamKhaiatWork]

Time-Consuming... you did not provide any added value

[@user-dz7yr4lg6f]

So long and confusing