Salary Resource Management System

Salary Resource Management System (SRMS) is a powerful payroll solution built exclusively for Magento users, providing businesses with a fully integrated salary and compensation management system within the Magento admin panel. Unlike third-party payroll integrations, SRMS operates entirely within the Magento environment, ensuring seamless data consistency and eliminating the need for external payroll services. This system is designed to automate salary calculations, manage employee compensation structures, and simplify payroll processing while maintaining full control over financial workflows.

With SRMS, businesses can configure payroll periods, define salary structures, and assign pay components such as bonuses, allowances, and deductions. The system allows HR teams to track earnings and deductions for each employee, calculate net pay based on work schedules and attendance records, and adjust payments in real-time. Employers can generate payroll reports, review payment histories, and ensure compliance with company policies. The module supports both manual and automated payroll processing, enabling bulk salary calculations using predefined templates. By integrating directly with Magento’s HR module, SRMS provides a streamlined, error-free payroll experience tailored to the organization’s needs.

To use the Salary module, the Human Resource Management System (HRMS) module is required. You can download it from the following link: HRMS Module.

Account & Pricing

• No separate account is required to use this extension.
• The account is not created during the installation process, as it is not necessary.
• There are no additional fees for using this extension.
• The HRMS module is required to use the Salary module.
• A subscription is required to receive continuous updates and improvements to the extension.
• For more details, please contact our support team at hrmsprojecthub@gmail.com.

Features:

• Salary Calculation. Automate salary calculations based on predefined payroll templates or manually add earnings and deductions for employees.
   
• Payroll Templates. Configure base salary, bonuses, and percentage-based additions for each employee to streamline payroll processing.
   
• Mass Payroll Processing. Apply payroll templates across multiple employees in bulk, ensuring consistent and efficient salary calculation.
   
• Earnings & Deductions Management. Manually adjust salary components, modify base values, and finalize payout amounts as needed.
   
• Payroll Recalculation. If an employee’s work schedule or pay rate changes, quickly recalculate their salary to reflect the latest data.
   
• Salary Ledger. View a detailed breakdown of each employee’s salary, including starting balance, current period earnings, deductions, and remaining unpaid wages.
   
• Payroll Reports. Generate and print payroll reports such as Payroll Register (Aggregate) and Payroll Register (Columnar) for documentation and auditing.
   
• Item Catalog. Define and manage different types of payments, including rate-based, fixed, and advance payments, with set base values.
   
• HRMS Integration. Seamlessly integrates with the HRMS module to utilize employee data, department structures, and organizational hierarchies for payroll processing.
• Getting Started with Salary Resource Management. A dedicated page with video tutorials and an instructional guide to help users get familiar with the module’s features. The videos are also available on our YouTube channel HRMSProjectHub.