The registration for social security fund in PEAK Payroll is divided into two categories:
Registration of social security fund for companies.
Registration of social security fund for employees.
PEAK already includes a deduction item for social security insurance, which can be viewed under 'Revenue/Deduct' > 'Deduct'.
The process of registering a company for social security fund is as follows :
On the PEAK Payroll page, select 'Settings'.
Select 'Social Security'.
Fill in the required information regarding social security fund.
Once the information is entered correctly, click 'Save'.
The process of registering employees for social security fund is as follows :
Employees registered for social security will have their social security contributions automatically deducted when calculating their salaries. The process is as follows:
Add a new employee or edit employee information.
Select 'Advance' option.
Select 'Salary Information' section.
Check the box labeled 'Registered social security'
Note : If a company has added employees without specifying 'Registered social security' you can make the necessary edits later.
Example : When processing salary payments, PEAK automatically displays the calculation of social security contributions.
You can watch the video tutorial for initial setup instructions (PR003) at the PEAK Account link. The tutorial demonstrates how to use PEAK Payroll for accounting and salary management. seconds 0:01:07
-End of Registering for social security Fund in PEAK-