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Olive Technologies FZE

Olive Regional Feature List - Saudi Arabia

Supports Monthly Payroll. Generate Pay Slips and Salary Registers against each of the Sub Periods (if any)

Supports daily rated, Monthly Rated and Hourly rated employees for Payroll.

Complete Multi Currency Support for both local and expats payroll with the facility to change the Currency from any specific Month or Sub Period

Facility to show YTD figures of all the Allowances and Deductions in Pay Slips in Olive Rate x Qty model

Gosi computation as per the Saudi Arabia statutory requirements

Facility to set / manage user defined Gosi Rate tables for each year, in case of a rate change later

Facility to set the Total Income used for the computation of Gosi, completely user defined. User can choose the allowances and deductions to be formed as part of the Total Income used for monthly Gosi deduction

Gratuity computation as per the Saudi Arabia statutory requirements

Supports the payment file generation for various banks and exchange houses

Supports the WPS Payment file generation as per the Statutory requirements.

Facility to set / manage user defined Gratuity Rate tables for different group of employees based on years of service of the employee.

Facility to give advance against gratuity and deduct from total gratuity payable

Facility to track the Onshore and Offshore salary components.

Built In Additional Reports available, other than the standard reports

Salary Registers (Earnings, Deductions, Contributions, Financial Register, Overtime Register, Gosi Register)

Accrued Gratuity

Monthly Gratuity Provision

Employee Gratuity Breakup and Payment

Entry Checklist Reports

YTD Reports (Earnings, Deductions, Contributions, Financial Register, Gosi 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 PDFFormats. 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...