Outsourcing Services

Payroll Service Outsourcing

Groundbrakers offers Payroll Outsourcing services to corporate houses, multinational companies, mid-size companies. Our experts will ensure to payment of Salaries to all employees. You have more benefits of Payroll Outsourcing from Groundbrakers.

Payroll Processing:
The biggest strength of our payroll software is its flexibility and power to handle any type of salary structure. With extensive configuration settings we guarantee that your requirements will be perfectly addressed! Each month, all you need to process employee salaries is to click a button. With that single click, greytHR accurately computes salary for all employees including Statutory Deductions (PF/PT/ESI/TDS), loan deductions, stop payments, revisions, loss of pay, pro-rata salary, Income Tax computation - the list goes on. And all this in just a minute!

Salary Slips:
Your business loses every time an employee gets an incorrect salary slip. The employee is unimpressed and may even get suspicious. Productivity takes a hit while the error takes time to fix. The problem repeats, month after month. With greytHR you have a permanent solution. Get 100% accurate and professional looking pay-slips, instantly, and without any effort! You can customize the appearance and content of your salary slips. Generate the payslips and download them for printing. Or, email the pay-slips directly to employees as PDF attachments (with password protection). Even better, publish pay-slips online and employees can view / download the salary slips at their convenience.

Statutory Compliance
All statutory deductions for PF, ESI, Professional tax, TDS, etc. are automatically handled by the payroll software as per law. Of course, you can further tune a variety of parameters to make this suit the specific needs of your company. You can also generate all the required reports like PF ECR file, ESI Returns, PT reports of all states and TDS returns without having to do any additional work.

Income Tax (TDS) Management
Indian Income Tax rules are one of the most complex in the entire world. Accurate TDS calculations becomes a daunting task as a large number of clauses and sub clauses need to be considered. greytHR expertly masters all this complexity and you have very little work to do each month. Not only is the TDS automatically deducted but various related reports are ready to use including Monthly Tax Statement, Form 16 & 12BA, eTDS Returns, Form 24Q, etc.

Digital Signatures for Form 16
The Form 16 documents can be digitally signed with your company’s digital signature.

Loans / Arrears / Reimbursements
A complete salary software needs to handle all requirements including salary advances, loans and automatic EMI deductions, arrears, reimbursements, bonus and so on. greytHR does so with minimum fuss and maximum effectiveness.

Full & Final Settlement (F&F)
F&F settlements are simple and easy to do. The system handles all aspects of settlement like recovery of pending dues, notice pay, leave encashment, etc. to compute the final settlement amount. Final settlement payslips can be generated. Moreover, you can also do resettlement of an already settled employee for any additional payouts.

Excel Import / Mass Update
Eliminate time consuming data entry chores with dozens of Excel importers for virtually any type of employee information. For further time savings, we have mass update facility that updates salary information for multiple employees in one shot.

Payroll Reconciliation
Ensure accuracy with a variety of reconciliation tools. The Payroll Differences Report not only tells you which components have changed compared to last month but also the reason for the change. There are other useful reports like employee head count reconciliation and payroll transfer type reconciliation (cash/bank) that are very useful.

Payroll Agents
With Payroll Agents, we can deliver flexibility and extensibility to meet virtually any current and future need you may have. The agents have many configuration options that you can tweak for that perfect requirement fit.

For assistance on Payroll Service Outsourcing please click here

Accounting Outsourcing

Do bookkeeping tasks take too much time away from your business? Is employing an accounting staff cost-prohibitive? When bookkeeping tasks are a great effort, you need expert help. If you can’t hire a full-time accountant but would like all the benefits of having one, outsourced Accounting may be the perfect solution. It will help you to:

a) Reduce overhead costs.
Employing a bookkeeper in-house is expensive. The cost includes not just salary, but other direct costs like payroll taxes, medical insurance, and retirement plans, plus the expense of hiring and training a new employee.

b) Save time.
You didn’t go into business to run an accounting department, or even worse, do books yourself. Many small business owners struggle with tasks that are outside their area of expertise, like bookkeeping, while they would prefer to spend more time on their core businesses.

c) Access to accounting expertise.
Outsourced bookkeeping gives you instant access to accounting expertise anytime you need it. Professional bookkeepers maintain precise and accurate records, working quickly so your data is always up-to-date.

d) Improve cash flow.
Have you ever wondered how your company can be profitable, but still not have enough cash to pay the bills? A professional bookkeeper will optimize your cash flow by helping you delay outlays of cash as long as possible while encouraging anyone who owes you money to pay it as rapidly as possible.

e) Improve budgeting practices.
If you want your company to excel, budgeting is critical. A good budget will tell you where money is being wasted and where you need to invest more. Budgeting can help you prepare for the future by foreseeing problems before they occur, and ensuring that you have money for future activity.

f) Increase efficiency.
Manage your resources more effectively by delegating bookkeeping work to those who do it best. Specialists who are trained in all aspects of accounting will expedite your bookkeeping work in the quickest, most cost-effective way

For assistance on Accounting Outsourcing Services please click here

PF Registration & Returns

Employee Provident Fund Act, introduced in 1952 in which a particular percentage of salary is deposited in this fund from both the ends (employee and employer) which the employee can repossess later by full filling some legal necessities. We facilitate you to full fill this legal requirement and retrieve your Provident Fund Investment.

For assistance on PF Registration & Returns

ESI Registration & Returns

We provide all kinds of services for ESI in depth consultancy for PF ESI:
• Clarify objectives of the ESI Scheme and to fix on ESI Acts applicability.
• If applicable then we provide services to submit application to obtain ESI code number for an organization.
• We make sure that all eligible employees’ personal and family details are on ESI website and we also provide services to register them for various benefits under ESI Scheme.
• Guide employer as well as employees to get proper benefits available under ESI Scheme.
• Design their compensation structure, deduct their ESI contributions and deposit along with employers contributions on ESI website, get challans and deposit the same in State Bank on time.
and many more services related to ESI.

For assistance on ESI Services please click here

Advisory/ Consultancy Services

Groundbrakers offers Advisory services and consultancy services to various bussiness organizations. If you are planning your own startup business, but have no hint how to research, plan, launch it and make it successful, then ask GroundBreakers. We are the solution to all your consultancy needs. Starting a new small business with the help of a unyielding business start up consultant is like appearing for the hardest competition under the guidance of paramount coach.
Beginning from research, planning, to execution, online presence, advertisement campaign, marketing, to actually making it a profitable business in 6 - 8 months; you can expect start-up business consultancy like spoon-feeding.

You can expect the following services:
• Research
• Business plan
• Strategy setting
• Logo and business startup pack creation
• Marketing campaign planning and execution
• Advertisements - campaign planning and execution
• Running the business till it becomes profitable, and then hand over total control of a profitable business