Payroll Accounting Software for Small Business
Automate salary computations, manage employee advances, track deductions, and record payroll expenses directly into your financial ledger.
What is payroll accounting software?
Payroll accounting software calculates employee wages based on salary rates and attendance, manages deductions and salary advances, and records wage liabilities and cash/bank payments into company accounting records.
What Likhtam delivers for this workflow.
Real features engineered for real business operations, not generic templates.
Automated Salary Calculations
Calculate gross and net payable wages based on monthly salary rates and recorded attendance days.
Salary Advance Tracking
Track employee advances throughout the month and automatically deduct them from final payout balances.
Direct Ledger Posting
Disbursed payroll automatically posts to Salary Expense and credits your Bank or Cash account.
Historical Payslips & Records
Maintain transparent payment histories and employee statements for every team member.
Live Product Payroll computation and salary disbursement ledger in Likhtam
How it works from start to finish.
A clear, step-by-step process designed to keep your books completely balanced.
Set Salary Structure
Define base monthly salary, daily wage rates, and standard working days.
Record Advances & Deductions
Log interim cash advances given to employees during the month.
Generate Monthly Payroll
Compute net pay based on recorded attendance; advances are automatically deducted.
Disburse & Post to Books
Mark salaries as paid via bank transfer or cash; your P&L updates automatically.
Designed specifically for:
- Small business employers with 5 to 50 employees needing simple salary processing
- Retailers paying monthly or weekly wages with advance loan deductions
- Service and production businesses wanting payroll expenses automatically posted to P&L
Factual questions, straight answers.
Clear details about Likhtam's capabilities, offline support, and compliance.
Yes. Processing salary payouts immediately creates the corresponding Salary & Wage expense voucher in your accounting ledger, keeping your P&L accurate.
Yes. You can record advance loans given to employees, which appear as receivables and are deducted during month-end payroll settlement.
Ready to run your books with total clarity?
Free forever on your phone or PC. Optional cloud sync and multi-user access when you need it.