There are 2 ways you can create a payroll in Holded: from the Invoicing app, or from the Team app. The Invoicing app enables you to create a payroll only as an expense for your accounting, while Team includes this along with a holistic HR management tool.
1) What is a payroll?
A payroll is a record at the financial level to record the salaries of your employees, deductions and bonuses.
What does at the accounting level mean? Accounting level means when the information is registered for the purpose of accounting. This is translated into a record of the amounts paid to an employee for a period, usually monthly or annually.
2) What is the purpose of registering a payment in Holded?
- Reporting: Once you have created the payrolls, these will be added in the "Purchases by expense account" and "Profit and Loss" reports so that you have a global view of all your expenses.
- In Holded you can count all the payrolls of your employees in a simple and visual way. At the moment, you won't be able to generate the payroll in a PDF format to send it to your employee. You can only register a payroll at the accounting level.
Now that you know what the payroll is for, we'll show you how to create this in the next article.