{"id":8919,"date":"2021-06-22T15:44:45","date_gmt":"2021-06-22T07:44:45","guid":{"rendered":"https:\/\/qne.cloud\/ph\/?p=8919"},"modified":"2026-04-27T14:32:07","modified_gmt":"2026-04-27T06:32:07","slug":"philippine-payroll-process","status":"publish","type":"post","link":"https:\/\/qne.cloud\/ph\/philippine-payroll-process\/","title":{"rendered":"Understanding Philippine Payroll Process"},"content":{"rendered":"\t\t
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Understanding Philippine Payroll Process<\/h1>\t\t\t\t<\/div>\n\t\t\t\t
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Payroll, the favorite time of the month for employees that also causes the headaches of many employers. But Payroll is not as easy as just giving money to employees. This important yet meticulous process requires loads of hours to finish, comply with different labor and governmental policies, and making sure that employees get what they worked hard for the previous month. But how Philippine Payroll Process works? What are the elements that makes it up? And how to do payroll efficiently?<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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THE PHILIPPINE PAYROLL PROCESS<\/strong><\/span><\/h2>

To simplify the process, here are five steps that a HR master should follow:<\/span><\/p>

  1. Employee Data Collection<\/strong> \u2013 the first step in ensuring the correct and accurate employee information for easier encoding and tracking.<\/span><\/li>
  2. Identifying and Calculating Net Pay<\/strong> \u2013 after identifying the employee\u2019s salary, the employer must now calculate the deductions and withholdings to come up with the net pay.<\/span><\/li>
  3. Payroll Releasing <\/strong>\u2013 now is the favorite part of the employees, payroll release. Employers must now deposit or transfer their employees\u2019 salaries to their respected bank accounts.<\/span><\/li>
  4. Tax Reporting<\/strong> \u2013 the payroll master must now report to the BIR the taxes for proper complying with the government agency.<\/span><\/li>
  5. Employer Filling <\/strong>\u2013 the employer must now guarantee that the deductions, taxes, and benefits are correctly filed to avoid any conflict in the future.<\/span><\/span><\/li><\/ol>

    THE PHILIPPINE PAYROLL PROCESS ELEMENTS<\/strong><\/span><\/h2>

    Preparing such would not work if any of the following is missing:<\/span><\/p>

    1. Employee and Employee Information<\/strong> \u2013 of course, without the employee itself or even their records, there will be nothing to process.<\/span><\/li>
    2. Salary <\/strong>\u2013 the fixed amount that an employee will get by working for the company.<\/span><\/li>
    3. Wages<\/strong> \u2013 the rate that employers would pay an employee based on their time worked.<\/span><\/li>
    4. Employee Time <\/strong>\u2013 pertains to the amount of time that an employee worked for a period of time or pay.<\/span><\/li>
    5. Overtime Pay <\/strong>\u2013 are hours that employees worked past the daily or weekly set working hours.<\/span><\/li>
    6. Additional Pay <\/strong>\u2013 this comprises commissions, tips, and bonuses that an employee receives other than their salary or wage.<\/span><\/li>
    7. Net Pay <\/strong>\u2013 the employee\u2019s total take home pay after all the deductions and taxes are removed.<\/span><\/li>
    8. Gross Pay <\/strong>\u2013 the total amount that an employee gets without deductions and taxes removed.<\/span><\/li>
    9. Benefits <\/strong>\u2013 are types of compensation that a company provides to its employees and can vary from Medical Benefits, Educational Assistance, Health Insurance, Employee Discount and other benefits.<\/span><\/li>
    10. Contribution<\/strong> \u2013 these are also a type of benefit that a company gives to its employees like SSS, Philhealth<\/a>, and PAGIBIG<\/a>.<\/span><\/li>
    11. Deductions <\/strong>\u2013 are amount of money that are being subtracted to the gross pay whether for taxes, contributions, loans, and etc.<\/span><\/li>
    12. Taxes <\/strong>\u2013 each employees have different taxes according to the amount of net pay they receive.<\/span><\/span><\/li><\/ol>

      DOING IT EFFICIENTLY<\/b><\/span><\/h2>

      Doing payroll is complicated. While there are companies that still conduct it manually, there are Payroll Software\u00a0<\/span>available that will help HR masters do it quickly and easily. Surely, a properly implemented payroll system<\/strong> will help a company produce timely, accurate and government compliant reports and faster and easier process.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

      Understanding Philippine Payroll Process Payroll, the favorite time of the month for employees that also causes the headaches of many employers. But Payroll is not as easy as just giving […]<\/p>\n","protected":false},"author":1,"featured_media":9012,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":[],"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueState":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":"","_VenueShowMap":false,"_VenueShowMapLink":false,"footnotes":""},"categories":[20,27],"tags":[],"class_list":["post-8919","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-post","category-payroll-hr-technology"],"_links":{"self":[{"href":"https:\/\/qne.cloud\/ph\/wp-json\/wp\/v2\/posts\/8919","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qne.cloud\/ph\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qne.cloud\/ph\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qne.cloud\/ph\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/qne.cloud\/ph\/wp-json\/wp\/v2\/comments?post=8919"}],"version-history":[{"count":0,"href":"https:\/\/qne.cloud\/ph\/wp-json\/wp\/v2\/posts\/8919\/revisions"}],"wp:attachment":[{"href":"https:\/\/qne.cloud\/ph\/wp-json\/wp\/v2\/media?parent=8919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qne.cloud\/ph\/wp-json\/wp\/v2\/categories?post=8919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qne.cloud\/ph\/wp-json\/wp\/v2\/tags?post=8919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}