The software you use to manage your retail business needs to have easy-to-use cloud-based payroll management features. RetailBasics' employee payroll management system includes all standard payroll features in a single subscription price, no matter how many employees are on the payroll. RetailBasics handles permanent and casual staff, and manages all types of leave with entitlements matched to the relevant jurisdiction. With RetailBasics' cloud payroll management software, cash wage payments are handled seamlessly, and PAYG withholding tax is calculated accurately, ensuring you don’t overpay staff. Weekly, fortnightly and monthly pay cycles are all supported as well.
Pay run processing with RetailBasics is as simple as clicking a button. Our payroll management system for retail determines which of your employees need a pay slip issued for the pay period - casuals who haven't recorded any hours will be ignored - and generates pay period records for review and approve. Once you approve, the pay slips are on their way to each of your employees, withholding tax owing to the ATO is recorded, and superannuation owing is accrued against each employee's super balances.
With RetailBasics' employee payroll management software, each employee can be configured with up to four hourly pay rates to suit varying loadings. Leave accruals and maturity periods can be set to match governing jurisdictions, and any carry-in leave balances will be reflected in future calculations based on each employee’s start date.
Your staff will enjoy detailed pay period summaries, automatically emailed as you commit the details for each pay period. Employees will have full visibility of hours worked for the period at each penalty rate, pre and post tax totals for the period, current period and year-to-date figures for tax withheld and leave taken, and their up-to-date leave balances. Cloud-based payroll management made effortless.
As each pay period is processed, RetailBasics will calculate superannuation payable for each employee so that you can make the appropriate deposits into their super funds, and adjust accrual totals accordingly. And when payments are reconciled to bank transactions, contributions will be recorded accordingly. The result? A payroll management system for retail that ensures up-to-date visibility of outstanding super payments—so there are no surprises!
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The retail business management system you choose must be able to handle multiple rates of pay for your staff, reflecting casual staff loadings, overtime rates, and penalty rates for weekends and public holidays. RetailBasics lets you define up to four different hourly rates for each of your employees, which you can assign to their rostered hours or apply when submitting trading day data.
Certainly! RetailBasics accurately calculates and withholds taxes, and keeps track of accrued superannuation owing so that you can report the correct super payments to your employees' various super funds, or your super payment service. And when it's time to reconcile super and tax paid, RetailBasics will recognise both and create the necessary accounting records automatically.
Absolutely! When you are ready to do a pay run at the end of each pay period, RetailBasics will generate the appropriate pay period summary for each of your employees, detailing total earnings, hours worked at each hourly rate, leave taken of all types, tax withheld and superannuation contributions to be made on their behalf. All of this will be wrapped up into an easy-to-understand pay summary PDF and emailed to each employee automatically.
Where most retail management systems, accounting software solutions and even dedicated payroll systems will expect you to backfill hours worked at various rates and absences recorded at the end of each pay period, RetailBasics is capturing this data every day in the normal course of running your business. Every time you create a trading day record at one of your retail outlets in RetailBasics, rostered hours for each employee are added automatically. You can choose to accept these, or alter them to reflect actual hours worked if needed.
RetailBasics is armed with all relevant Federal and State leave obligations and accrual rules, meaning you can be sure that all employee entitlements to various types of leave are taken into account when calculating accrued leave and balances. The payslips generated at the end of each pay period reflect leave accrued to date for the current financial year, leave used to date for the year and any take for the period, and balances available for each leave type. And you'll be able to see all of this detail in the payroll reports, which can be filtered by employee, leave type, date period, or any combination of other criteria as well.