Nucleus - Accounting & Pyroll Demo

Nucleus – Accounting & Payroll Demo

1. Accounting Cycle (Record-to-Report)

1. Chart
   of Accounts Setup – Define company accounts (Assets, Liabilities,
   Income, Expenses).


2. Journal
   Entries – Record transactions (purchases, sales, expenses, payments,
   receipts).


3. Accounts
   Payable (AP) –




• Vendor
  bills entry


• Vendor
  payment processing


• Outstanding
  balance tracking




4. Accounts
   Receivable (AR) –




• Customer
  invoice generation


• Payment
  collection tracking


• Credit/debit
  note adjustments




5. Bank
   Reconciliation – Match bank statement with company ledger.


6. Financial
   Reporting – Generate Balance Sheet, P&L, Trial Balance, Cash Flow
   statements.

2. Payroll Cycle (Hire-to-Retire)

1. Employee
   Master Data – Add employee details (personal info, designation,
   department, salary structure).


2. Attendance
   & Leave Tracking – Integration with attendance system (manual or
   biometric).


3. Salary
   Structure & CTC Breakup – Define basic, HRA, allowances,
   deductions, etc.


4. Payroll
   Processing –




• Auto
  calculation of Gross Pay, Deductions (PF, ESI, TDS, loans, advances)


• Net
  Salary calculation




5. Payslip
   Generation – Employee payslips downloadable from portal.


6. Compliance
   Management –




• Provident
  Fund (PF)


• Employee
  State Insurance (ESI)


• Professional
  Tax (PT)


• Income
  Tax (TDS)




7. Payroll
   Accounting Integration – Salary expense automatically reflected in accounting
   module.