Umbrella Payroll
The Umbrella Payroll module has been built around a robust Payroll Application that fully complies with the HMRC Test Requirements for Accreditation. The payroll handles all Umbrella specific calculations, performs all statutory calculations such as Tax, NI, Student Loan, SSP, SMP, SPP, SAP etc. For more detailed information on the Umbrella Payroll module, read about Accountax Umbrella Basic solution.

Agencies, Assignments & Timesheet Entry
Each umbrella employee can be linked to multiple assignments and agencies. The assignment data can be set up with all contractual details such as the Client Name, Start Date, Work Location, Pay Rates etc.

Each week, you will simply call-up the employee’s assignment and fill-up the number of hours, date etc. Upon authorisation of the Time Sheet, the program automatically calculates and generates the agency bill including VAT. The client bill instantly updates the integrated Sales Ledger & Nominal Ledger accounts.

Agency Receipts
When the agency pays, simply call-up the relevant agency bill and confirm the payment receipt. The program automatically updates the employee’s period payment and updates the integrated Sales Ledger & Nominal Ledger accounts.

Financials
The financials modules enables you record, analyse and report all non-umbrella related transactions besides automatically capturing every umbrella business related transactions.

The sophisticated financial engine is designed on powerful period based system making it possible to work with several years data contiguously. The design doesn’t require any complex year end processes associated with date based accounting.