Payroll Management
We provides Payroll Services
Employee satisfaction is best for your business. A happy employee can do anything for you and support you to achieve your goals. Competitive wages, work-life balance, and on-time payments are the keys to employee main success. Without proper management, we cannot use it, as salaries include insurance, vacation and medical benefits.
Hundreds of clients are satisfied with our services, we’ve been worked with throughout Oman clients. Moreover, our specialists can reduce your costs while ensuring accurate programming. We at follow a highly-confidential policy that we don’t share your employee data with any third parties.
We have worked with hundreds of clients throughout Oman that are happy and satisfied with our services. Our specialized team can guarantee you accurate programming and reduction of costs as well. Finmaster Solutions LLC Associate practice a firm confidentiality policy that restricts our team from sharing your employees’ information and data with a third party.
Our Services Includes
All the employee information and data will be uploaded in the system accurately. Separate employee files will be created and regular information updates will be performed.
We will do the leave balance calculation for you which might get complicated at times. The leave application by the employees and the approval workflow will also be managed by our team.
We will manage the pay cycle as well as reconcile the current pay with the previous month’s pay. The payroll processing includes calculation of regular pay, vacation pay and the full and final settlement. Before finalizing the payroll, our team will ensure that you review it and approve it for further procedures.
We will use the Wage Protection System (WPS) to generate the employee file as well as the pay slip. The employees will be paid on your behalf automatically through the WPS on time.
Social insurance or security provided by the state (if any) will also be managed by our team. All the documentation and authorization will be done on your behalf after your approval.
Cost-Effectiveness: Hiring a dedicated accountant in Oman comes with various obligations and costs related to monthly salary, annual air tickets, visa, emirates ID & labour contract fees, mandatory medical insurance, gratuity provisions, annual leaves, training costs and overtime costs. Our fixed monthly fees tailored as per your requirement will be far more affordable than the total cost of hiring an in-house accountant.
One advantage of hiring professional accounting services in Dubai for your company is that you’ll be able to keep track of all of your financial activities. A professional accountant assists with bookkeeping and oversees the financial portion of the company’s operations. Bookkeeping is an important part of any business because it keeps track of your day-to-day expenditures. The assistance of Professional Accounting Services In Dubai not only helps to keep the company on track, but it also helps to avoid any doubts in business dealings.
Employee Profile Creation
Info Updates
Accrual Calculation
Leave Balance Summary
Leave Application (Employee | Supervisor)
Approval Workflow
Pay cycle Management
Payroll Process
Regular
Vacation Pay
Full & Final Settlement
Reconciliation with Previous Month
Review | Approval
WP File Generation
Payslip Generation
Social Insurance (if any)
Reports for Statutory Authorities
Employment Tax (if applicable)