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Olive Technologies FZE

Olive Regional Feature List - Iraq

Complete Multi Currency Support local and expats with the facility to change the Currencyfrom any specific Month or Sub Period

Supports the standard Monthly and weekly, 15 days and Fortnightly Payroll (within eachcalendar month). Generate Pay Slips and Salary Registers against each of the Sub Periods(Weekly, 15 Days or fortnights)

Facility to enter Time Sheets of past month along with the current month (or separately) and generate a single or different Pay Slips for each of the Sub Periods.

Facility to apply and record different currency exchange rates for different Time Sheet periods within a month.

Facility to show YTD figures of all the Allowances and Deductions in Pay Slips

Facility to track the Onshore and Offshore salary components as well as to track the Local and Expats separately.

Tax computation as per the Iraq statutory requirements for Expats

Facility to set / manage user defined Tax tables for each year for multiple tax scales.

Facility to apply the user defined Tax table from any calendar date. System shall automatically apply the appropriate tax tables while the Time Sheet data is being processed.

Facility to set the Taxable Income, completely user defined. User can choose the allowances and deductions to be formed as part of the Taxable Income.

Built In Additional Reports available, other than the standard reports

Salary Registers (Earnings, Deductions, Contributions, Financial Register, Overtime Register, Reimbursements, Tax)

Employee Gratuity Breakup and Payment

Entry Checklist Reports

YTD Reports (Earnings, Deductions, Contributions, Financial Register, Tax Register)

User Defined Register setting facility (user can create their own registers as per their choice)

Facility to generate the different Registers in MS Excel formats.

Currency Wise reporting facility

Local Currency, Foreign Currency and Dual Currency Pay Slips available in Graphical Preview, MS Excel and PDF Formats. Facility to send Pay Slips by email.

Supports the Olive Standard model and the new Rate x Qty model of data entry, storage and reporting and many more...