Latest Salary Calculation Table Template 2023

Salary is an important part of supporting employees in their daily lives and ensuring fairness and transparency in the financial management of the enterprise. Payrollis an important tool to help calculate and display employee income and expenses clearly. In this article, ADSMO will help you learn about the latest 2023 salary payment table template and important factors to note.

1. Purpose and Importance of the Salary Payment Table

Latest salary payment table template 2023

Salary payment table is a key tool in managing the salary and finances of a business or organization. It helps calculate and display the amount of money that employees will receive after each salary payment period.

The important elements of a salary payment table include:

• Employee Personal Information: This includes the name, employee number, position, and other relevant information to properly identify the individual receiving the salary.
• Base Salary: The basic amount the employee will receive before allowances and deductions are calculated.
• Allowances: The pay table should clearly show allowances such as travel allowance, lunch allowance, business trip allowance, and other allowances.
• Deductions: These are amounts deducted from the basic salary such as personal income tax, advance loans, and other deductions if any.
• Total income: The total amount of money an employee receives after calculating allowances and deducting deductions.

>>> Download the Salary Payment Table Template Here!

2. Points to Note When Using the Salary Calculation Table

• Update accurate information: Ensure that employee personal information and other relevant data are updated accurately and completely to avoid errors in the salary calculation process.
• Comply with legal regulations: The salary calculation table must comply with the regulations on salary calculation and the legal regulations on tax and social insurance.
• Ensure transparency: The salary payment table needs to be clear and transparent, helping employees understand their income and expenses.
• Storage and security: Information security in the payment table template is extremely important to ensure the safety of employees’ personal information.

3. Benefits of using a Salary Payment Table Template

• Save time: Using a payroll calculator saves time in calculating and preparing payroll.
• Accurate and efficient: A payroll calculator template ensures accuracy and efficiency in calculating employee salaries.

• Easy to update: A payroll calculator template is easy to update and change when there are changes in salary, allowances, or other factors.
• Transparency and fairness: Using a payroll calculator helps increase transparency and fairness in calculating employee salaries.

A payroll calculator template is a useful tool for managing the salaries and finances of a business or organization. By using a payroll calculator, you can calculate salaries accurately and efficiently, while ensuring transparency and fairness in the process of paying employees. Or for more transparency and efficiency in payroll for employees, you can also contact ADSMO to receive advice on business management software, human resources, integrating many features such as payroll, timekeeping, warehouse management, KPI … customized according to the requirements of each business. Contact Hotline: 0356.105.388 to receive advice from a team of experts.

>>>See more: Excel Salary Payment Table Template According to Circular 200 and 133