A payroll month you are willing to sign.
Finance does not run payroll, but finance signs for it. WageVerge gives you a register to review, a variance you can explain, and a record of who decided what, so the signature means something.
Sound familiar?
- You approve a total without being able to see what moved.
- The provident fund balance and the payroll deductions never quite agree.
- A correction after payday means a second payment and a long email thread.
- The auditor asks who approved a change and nobody can say.
How WageVerge helps
Review before the lock
The month is checked for what would break the run and what changed since last time, so the register you sign has already been questioned.
Payroll & income tax →A fund that reconciles
Provident fund balances are derived from opening figures and posted contributions, never typed, so the register can be rebuilt and compared.
Provident fund & EOBI →Corrections without rewriting history
A paid month stays as it was. Underpayments are paid as arrears and overpayments are recovered through a register, with tax kept right for the year.
Payroll & income tax →An audit trail
Every approval and change is recorded with the person, their role and the time, in a record the application will not let anyone edit.
Approvals & audit →
One register, every figure traceable
After the lock, the register shows each person’s gross, tax, deductions and net from the frozen snapshot. Nothing on it is typed; every number opens to its working.
Paid in a batch, with a bank file
Approved settlements go out together: the batch number, the pay date, the file for the bank and the reference that marks each one paid.
Questions
Does finance get a bank file?
Yes. Bank payment files come from the run itself, so what is paid is what was computed and reviewed.
Can finance see the tax working?
Yes. A plain-language breakdown walks the slabs month by month for each person, so a figure can be explained and not only trusted.
See WageVerge run your payroll.
Tell us about your business and we will walk you through it, mapped to your pay components, your policies and the modules that matter to you.