Module 06 · HR Finance Integration
Payroll Accounting & HR Finance Integration Support
Payroll has accounting and reporting dimensions, including salary journal entries, statutory deduction workings, PF / ESI / professional tax accounting, gratuity and leave liability provisions, and payroll-to-books reconciliation.
Our support is focused on aligning payroll-related financial data with the client's accounting records, reporting requirements and agreed finance processes.
Payroll Accounting
Monthly payroll journal entries
Support for monthly payroll journal entries, including salary, employer contributions, recoveries and payroll-related liabilities, based on payroll records and information provided by the employer.
PF / ESI / professional tax accounting
Accounting support for PF, ESI, professional tax and other payroll-related statutory deductions, including provision entries, payment accounting and portal reconciliation support, wherever applicable.
Salary TDS accounting support under Section 192
Support for accounting of salary TDS deductions under Section 192, including monthly deduction workings and reconciliation with quarterly Form 24Q workings, wherever applicable.
Full and final settlement accounting
Accounting support for full and final settlement entries, including salary payable, recoveries, leave encashment, gratuity, bonus or other payroll-related items, wherever applicable.
HR Finance Analytics Support
Employee cost-centre allocation
Support for allocation of employee cost by department, cost centre, project or business unit, including salary and applicable payroll-related costs, based on the agreed reporting structure.
Gratuity provision support — AS 15 / Ind AS 19
Support for accounting of gratuity provision based on applicable Accounting Standards / Ind AS requirements, actuarial valuation reports, management inputs and relevant movement workings, wherever applicable.
Leave encashment liability support
Support for accounting of leave encashment liability based on earned leave accumulation, entity policy, applicable accounting framework and period-end provisioning requirements.
Payroll-to-books reconciliation
Reconciliation support between payroll records, HR system reports, statutory deduction records and books of account for management review and audit coordination.