How to run payroll?

Once you've completed the company information setup during the onboarding process, it's simple as 123 to run payroll in Swingvy. We've streamlined the process to give you the easiest way to complete your payroll, from updating payroll data to payment in less than 10 mins.

To access your payroll and start running payroll please follow the below guides:

Step 1 - Click Payroll from the top Menu bar.
Step 2 - Click Run payroll from the menu to start your payroll.
Step 3 - Select the payroll period and payroll type

Step 1 - Adjust payroll

Under the first step of 'Run Payroll', all the active employees for the month will be auto-populated in the current month payroll period. Click on the employee records to expand the view to manage the payroll items.

Swingvy payroll auto-populates all fixed payroll items for the respective employees based on the setup you've applied in payroll settings. You can always review and change these payroll items in the settings menu.

To add addition payroll item - Click on the Add Earning button and select the new item from the master list.
To remove the payroll item from the particular month of payroll - Click on the delete button next to it.

Note:
If the item is a fixed allowance and you delete it from the current month's payroll, it will be removed in the following month's payroll as well unless you add it back.

The statutory computation will auto-calculate once you change the amount of any payroll items which are subjected to CPF & SHG-CDAC. Click on Save & Review to move on to the next step.

On the other hand, you can also adjust all the payroll items by using a bulk update file. You can click on the 'Bulk update' button and download the file. All the listed payroll items will be visible in an excel file and you can edit the figure of the payroll item accordingly. You can check the instruction from the downloaded excel file.

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instruction

After all payroll item is edited accordingly, you can save the file and upload the file back to Swingvy. The figure will be reflected.

Tip: Recur Payroll Items

You can now set payroll items to recur in the following month, with the ability to set differing amounts by employee.

If you wish to keep the payroll item with the current value in the next Monthly payroll, you may check on the Recur box next to it.

Screenshot 2022-09-09 at 11.15.45 AM

Step 2 - Review and confirm

A summary of the particular month's payroll will be presented (total headcount and total payout).

Click on Continue and Confirm for finalization.

If you've enabled Payroll Approval settings, you can only proceed once your payroll approver has approved your payroll.

Note:
1. Click "Back to Step 1" should you need to return to step and adjust your payroll.
2. If the payroll has been requested for approval or it has been approved by the payroll approver, the "Back to Step 1" button will be unavailable. You will have to click on "Confirm payroll" to go to step 3 before you are able to revert the payroll back to step 1.

Step 3 - Pay and submit

Export bank file
Export statutory reports
Send payslips to employees

send payslips

Step 4 - Complete month payroll

Once all the payroll reports are exported and payslips are sent out to the employees, you would need to proceed to complete the payroll in order to store the data. Then, you will have access to payroll history in the “Payroll history” menu.

Notes:

1. All past payrolls must be completed to ensure correct statutory calculations. Payrolls currently in step 3 are not considered completed.

2. Each payroll needs to be completed because only completed payrolls are included in the Payroll history, Compensation report, Payslip page, and Year-end tax filing.

3. Any Ad hoc/Mid-month payroll in the same month will be completed along with the Monthly payroll.