The new 11.11 version of SocratePayroll was released

Author: Bit Software
Date: 10- 11- 2011

BITSoftware released earlier this week the new 11.11 version of its payroll solution, SocratePayroll, which contains enhancements in employees records, wages calculation and reporting areas.

With SocratePayroll 11.11, the HR departments activity was streamlined as a result of simplifying the process of writing and printing customized employment contracts, using predefined templates in MS Word format. Also, by using this new version, clasification of employees can be made by category or/and type, with predefined user values. Likewise, the 11.11 version offers the possibility of keeping a clear record of the licences categories held by an employee, of the employees penalties, as well as the possibility to add photos for each employee.

The new BITSoftware`s Payroll solution was configured to comply with the legal requirements regarding the calculation of taxable income and those for the mandatory social contributions for both gift vouchers and meal subsidies.

SocratePayroll 11.11 offers new reports regarding salaries (detailed payroll report), holidays (vacation reports at a certain date) and taxed benefits (lunch tickets reports based on worked hours). All these new reports are added to the already existing various reports (distribution of salary depending on working conditions, salary structure report, etc)

Socrate Payroll is addressed to human resources departments of Romanian companies. The solution helps define and manage personnel, keep track of salaries, vacations and sick leave, as well as other rights and taxes supported by the employee or company. The Payroll application has been designed to cover a vast range of specific cases, as it is well known that problems regarding payroll are complex.