Zoho Payroll: Product Updates For India - September 2023
As we enter the vibrant month of September, we are back with a focus on serving you and your employees better. Our mission over the past month has centered around providing flexibility in the way you handle unique employee payments. We're excited to share two enhancements that exemplify our commitment:
1. Reversing Loss Of Pay (LOP) for employees
2. Processing arrear payments for employees
Reversing Loss Of Pay (LOP) for employees
Understanding LOP
Loss of Pay (LOP) refers to the deduction from an employee's salary when they are absent from work without prior approval or after exhausting their paid leaves. This deduction can sometimes lead to financial strain for employees with legitimate reasons for their absence.
Reversing LOP for employees
With our new LOP Reversal feature, you can now rectify such situations for employees who have legitimate reasons for their absence. By reversing the LOP deduction for the upcoming months, you ensure that the employee is compensated fairly and accurately.
Real-life scenarios where you can use LOP
1. Post-Approval Acknowledgment: Consider an employee who took unapproved leave due to personal reasons. Later, their leave was retrospectively approved. With LOP Reversal, you can seamlessly reverse the deducted amount, aligning their compensation with the approved leave.
2. Medical Necessity: Sometimes, an employee's absence may be due to medical reasons that weren't initially covered by paid leave. If they provide medical certifications or valid proof later, LOP Reversal enables you to make amends and ensure equitable pay.
3. Payroll Accuracy: Mistakes can happen in payroll processing. Imagine an employee's LOP was deducted in error due to a miscalculation. LOP Reversal empowers you to rectify such oversights, avoiding unnecessary deductions and maintaining payroll accuracy.
If you face similar situations in your organisation, learn how to reverse LOP by referring to our help document.
Arrear payments for new employees
What are arrear payments?
Imagine an employee joining your company just after the payroll for that month is processed. They've earned their wages but it hasn't been processed due to the timing. This is where the New Joinee Arrears feature comes into play.
Processing arrear payments for new employees
When you mark someone as a New Joinee, Zoho Payroll calculates the money they've earned based on the days they've worked since joining. This sum is then added to their first regular paycheck, ensuring they're compensated fairly. If you would like to know how to process arrear payments for employees, refer to our help document.
If you're interested in knowing how you can combine business expense reimbursements and the salary payments of employees, read our new blog on our Zoho Expense integration.
That's a wrap for now! We are always eager to hear your suggestions so we can help you do payroll better. Feel free to share them in the comments below.
If you need assistance, please write to us at support@zohopayroll.com, and we'll help you. Stay tuned for more updates from Zoho Payroll!
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