Provident Fund & Gratuity fund management software

Provident Fund & Gratuity Fund Management Software

Provident Fund: A provident fund is created with a purpose of providing financial security and stability to elderly people. Generally one contributes to these funds when one starts as an employee, and the contributions are made on a regular basis (monthly in most cases). Its purpose is to help employees save a fraction of their salary every month, to be used in an event that the employee is temporarily or no longer fit to work or at retirement. The investments made by a number of people / employees are pooled together and invested by a trust.

As offering gratuity fund facility has become a prerequisite of attracting and retaining employees, it has created an added load on organizations for accounting and administering such funds. Our software based gratuity fund management approach enables us to effectively administer such funds which includes

Provident Fund Software Features & Modules in Details

Provident Fund Opening:

a. Ledger wise statement
b. Opening Balance
c. Contribution of PF
d. Loan deductions of PF
e .Profit of PF
f. Closing Balance of PF

staff loan / advance

 Different types of loans with configurations of amount or settlement limits.
 Employees loans request
 Approvals by testing the validity conditions.
 Auto managing the settlements and processing in the Payroll of the employees

Generate Provident Fund Monthly/Yearly

 Personal, social and general information
 Manage service record
 Designation/Post history of the Employee
 Contribution of PF

Dividend Distribution

 Various types of interest income distribution according to organization policy.
Provident Fund Refund:
 Refund structure fully dynamic according to organisation policy

Gratuity Fund Software Features & Modules in Details

Gratuity Fund Opening:

a. Ledger wise statement
b. Opening Balance
c. Contribution of PF
d. Loan deductions of Gratuity Fund
e. Closing Balance of Gratuity Fund.

staff loan / advance

 Different types of loans with configurations of amount or settlement limits.
 Employees loans request
 Approvals by testing the validity conditions.
 Auto managing the settlements and processing in the Payroll of the employees

Generate Gratuity Fund Monthly/Yearly

 Personal, social and general information
 Manage service record
 Designation/Post history of the Employee
 Contribution of Gratuity Fund

Generate Gratuity Refund

 Various types of interest income distribution according to organization policy.
 Refund structure fully dynamic according to organization policy