Global Payroll for Singapore Business Processes

Global Payroll for Singapore supports the following business processes:

  • Banking and recipient processing.

    This feature supports net payment (employee salary) direct deposits and recipient payments using the electronic file (GIRO) format. Global Payroll for Singapore generates electronic file outputs to credit employee salaries and reports this data to the recipient. The banking process of Global Payroll brings together payroll data, pay entity source bank data, and payee or recipient bank data. The EFT file creation process extracts data compiled by the banking process according to the content you want in the EFT file that you are creating, merges it with data provided by the Singapore country extension and creates the file for transmission.

  • Payslips.

    The payslip feature enables you to create and control payslips that display the data that you want, where you want it and in the format that you want. You can override templates at lower levels, so you do not have to create multiple templates to cover every payslip scenario that you may have.

  • Payroll reporting.

    In addition to the reports delivered with Global Payroll, the Singapore country extension comes with a set of reports to support your business requirements. Reports included in the country extension are:

    • Payroll Results Register.

    • Leave History.

    • Leave Liability.

  • Inland revenue reporting.

    This feature includes the ability to capture, generate, and maintain both employee and company identification and biographical data that support the reporting requirements of the Singapore Inland Revenue Department. Singapore Inland Revenue reporting functionality enables you to:

    • Create IR8A, IR8S and Appendix 8A forms as required by the Singapore IRAS for reporting annual payments and benefits of employees. We provide a process to extract most of the data from payroll, system pages that enable you to enter other data manually, and reports to print the forms in the required format.

    • Produce files in the format required by Singapore IRAS for electronic reporting of employees' payments and benefits. We provide processes to create the files in the format required by the CPF/IRAS Line system.

    • Create IR21 and Appendix 1 forms as required by the Singapore IRAS for reporting of foreign employees who are terminating their employment. We provide a process to extract the data from the IR8A/S forms, pages that enable you to enter other data manually, and a report to print the forms in the required format.

  • General ledger interface.

    Building on the Global Payroll General Ledger (GL) Interface, the Singapore country extension enables you to link journal types to GL groupings so you can report by journal type, calculate accrued salary and leave liability, report leave liability, and run the GLI or QSP processes.

  • Absences and terminations.

    Global Payroll for Singapore delivers predefined rules for processing absence payments such as annual leave, sick leave and other leave types such as national service leave, newly wed leave, maternity leave, no pay leave, and paternity leave. We also deliver rules to calculate absence entitlements on termination, including rules for the payment of unused annual leave. You can modify many of these rules to reflect absence and termination policies that are specific to your organization or to labor agreements with your employees.

  • Festive advance integration.

    This feature provides the integration between the Administer Festive Advance business process in HR and Global Payroll. This enables you to post the festive advance amounts calculated in HR to Global Payroll and for the status of the festive advance in HR to be updated.

  • Central provident fund (CPF).

    This feature enables you to calculate, record and report contributions for CPF and other funds and levies collected by the CPF board. PeopleSoft supports the administrative and reporting requirements of CPF administration and maintenance and provides:

    Note: If you elect to use the delivered rules for Global Payroll Singapore, use only the employment instance in HR.

    • Support for employee and employer payments to a nominated CPF or other fund or levy in accordance with the calculation of eligibility rules for CPF legislation.

    • The calculation of monthly CPF contributions on ordinary and additional wages according to CPF rate schedules for government and non-government employees.

    • The calculation of other contributions collected by the CPF Board according to the required rate schedules.

    • The identification and management of unique company and employee identifiers.

    • Re-calculation and adjustment of CPF contributions at year-end using actual wages for the year versus previous year.

    • Additional CPF contributions taken from the final pay.

    • A process that creates a file containing all CPF contributions for a month for submission to the CPF Board via the CPF PAL Internet facility or CPF/IRAS Line.

    • Reports to support administrative reporting in accordance with CPF requirements.

    • Monthly CPF Schedule reports provide listings of all CPF contributions and other deductions that can be submitted to the CPF Board each week.