SOFTWARE
ACCOUNTING SOFTWARE
Accounting software describes a type of application software that records and processes accounting transactions within functional modules such as accounts payable, accounts receivable, payroll, and trial balance. It functions as an accounting information system. It may be developed in-house by the organization using it, may be purchased from a third party, or may be a combination of a third-party application software package with local modifications. Accounting software may be on-line based, accessed anywhere at any time with any device which is Internet enabled, or may be desktop based. It varies greatly in its complexity and cost.
TAXATION SOFTWARE
Tax compliance software is software that ensures tax compliance for income tax, corporate tax, VAT, service tax, customs, sales tax,use tax, or other taxes its users may be required to pay. The software automatically calculates a user’s tax liabilities to the government, keeps track of all transactions (in case of indirect taxes), keeps track of eligible tax credits, etc. The software can also generate forms or filings needed for tax compliance. The software will have pre-defined tax rates and slabs and can allocate income or revenue in the right slab itself. The aim of the software is to provide the user with easy way to calculate tax payment and minimize any human error. Tax compliance software has been present in developed countries for long in the form of tax calculators mainly for direct taxes, such as income tax and corporate tax. Gradually some more complex and customized tax compliance software were designed and developed by organizations around the globe.
PAYROLL SOFTWARE
Payroll automation refers to the use of computers to produce paychecks and manage benefit payments for a company or community. Often, payroll automation is integrated into the company’s enterprise resource planning system that provides an overall view of the company’s or community’s finances; in addition to payroll, it can manage customer relationships, production, personnel resources, invoicing and accounting.
Cloud Based Human Resource Management System (HRMS)
Since its inception the team at Aalfanetwork has not only created its web-based Human resources management Solutions from scratch but has also successfully implemented it in more than 5 client environments. Named as XiTE HRMS suite, the range of HR software solutions are hosted on the NaviSite server and is provided as a SaaS solution to medium and large enterprises including multinationals.
Built using Microsoft Technologies, the suite consists of over 25 HR sub modules to cover all aspects of an employee’s lifecycle in an organization – starting from recruitment to on-boarding, employee interact, performance & compensation management, query tracking & management to eventual exit and alumni management. Basis its customized views and over hundreds of reports to various stakeholders like Management, HR Managers, Managers, Employees and Vendors; it provides reliable and accurate strategic and operational inputs to all concerned.