Learn how to effectively process payroll, manage employee compensation, and handle tax calculations in TrackAxo. This comprehensive guide covers payroll processing, benefits management, and compliance requirements.
The Payroll Management module allows you to process employee salaries, calculate taxes and deductions, manage benefits, and ensure compliance with labor laws and tax regulations. This helps maintain accurate financial records, meet legal requirements, and provide timely compensation to employees.
Automated salary calculation and payment processing
Tax calculations, deductions, and compliance
Commissions: Approved sales commissions from HR → Commissions can be included in the monthly payroll run after invoice payment.
Fixed monthly or annual compensation.
Additional compensation for extra hours worked.
Additional payments for specific purposes.
Performance-based and seasonal bonuses.
Non-monetary compensation and benefits.
Amounts withheld from gross pay.
Video walkthrough
Step-by-step video for this section is coming soon. Use the written guide below, or email contact@trackaxo.com for a live demo.
Progressive tax rates based on income brackets
Fixed percentage of gross salary
Employee and employer contributions
Monthly, quarterly, and annual tax filings
W-2 forms, 1099s, and other tax documents
Late filing and payment penalties
Now that you understand payroll management, explore other HR and payroll features to enhance your workforce management in TrackAxo.