TIMS_finance_Reliable payroll calculations

Reliable payroll calculations

Simplify overtime, penalty rates, and superannuation

Trapeze’s class-leading award interpretation software automates payroll calculations based on the time frame and type of worked performed, ensuring accurate results for driver hours, leave allowances, and payments. TIMS customers receive a detailed breakdown of daily payments, reducing time spent responding to payroll and leave queries.

The system automatically calculates employee pay from timesheet data including overtime, penalty rates, and allowances based on the specific award or agreement. Setup items including business units, awards, tax scales, and pay types provide the flexibility to match your organisation’s unique requirements. Users can specify complex rules, based on legislation and award conditions, to ensure compliance with payroll requirements.

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Financial compliance

Company-wide transaction processing

Streamline the unique complexities of bus business accounting with our Finance and Payroll module. The software provides a comprehensive data entry system to accurately process each financial transaction across your entire organisation.

Easily set up records of all debtor and creditor accounts with invoices, statements, and remittances distributed quickly through automated emails. The general ledger tool keeps your financial data on track, with customised accounting periods to suit reporting requirements for budgets, forecasts, and actual results. Create inter-company entries that process transactions across multiple legal entities instantaneously, so your record keeping matches business growth.

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Managing fixed assets

Scalable, flexible asset visibility

Manage all financial aspects of your Fixed Assets using our scalable, flexible solution. TIMS can be configured for multiple legal entities, locations, departments, profit centres, and accounts.

The Asset Register holds key information for company-wide data visibility and accurate reporting. The summary and detailed depreciation schedules, addition and disposal reports, and asset listings also support your organisation’s reporting needs. Depreciation schedules can be adjusted to suit preferred accounting methods and set on a sliding or fixed scale, with the asset record and general ledger updated automatically when transactions occur.