Deeptib
Sourcing Specialist
Abrar
Cost Analyst
Raghunandan.aca
Finance Manager
+2 Others

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Hi Does payroll accounting fall under HR or accounting?? Please help Deepti
Pay accounting
In my view payroll is come under HR for monitering and recrod purpose as part of human resource accounting, but the ultimate control and decision making etc will come under accounting procedure

Hi Deepti,
Payroll Accounting, as the name suggests is definitely an accounting job. In my opinion, even processing the payroll which is purely of an administrative nature needs to rest with the accounting department. However, ensuring that the data input into the payroll is accurate, including the leave days, the overtime pay, the allowances, any increase in salary rests with the HR department. In case of most ERP solutions, the accounting happens automatically and seamlessly. Accounting department only need to do periodic reconciliations to control accounts such as employee loans, employee end of service benefit accounts etc.,
Hope this clarifies.
Raghu

I guess Payroll software would fall under the Human Capital management.

See the definition of payroll comprises of the points stated below.
  • Pay element definitions with classification of the same as earnings, deductions etc.,
  • Provide account codes to be used when making financial postings from HRMS
  • Specify dependent pay elements where one pay element value is dependent on another pay element
The payroll set comprises of
  • Mapping pay elements and pay set where the attributes of the pay elements in the pay set are defined like

    * Recurrence
    * Taxability
    * Projection for Taxability
    * Processing Frequency
    * Loss of Pay
  • Mapping employees to pay set
  • Set Exceptional Values

    * Exceptional values of pay elements with respect to employees
    * Exceptional values of pay elements as such
  • Financial posting of salary accounting and salary payments
And finally the payroll processing

  • Process payroll
  • Authorize payroll
  • View processed payroll details
  • View employee wise payroll details
  • Scheduled payroll processing
  • Account for Salary Expense
  • Salary payment and authorization with hold and resume options
I hope you've got your answer now.

Check this link for more information:

Ramco OnDemand ERP - Human Capital Management

Thanks

Hi,
Payroll accounting : segmentation would be first from HR and the inputs are moved to accounting for MIS/and for accounting purposes.
In my view the origin is from the HR angle since the inputs with regard to manpower/head count/addition & deletion are provided from the HR division for accounting , and for financial budgeting with regard to payroll disbursement on monthly basis.
Also to add that in most cases, both are not interdependent but are closely related with each other in the management purview.
Gone are the days where HR & Finance used to function seperately but now it has become a part & parcel of the day to day process.
regards,
sridhar

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