Global Payroll for China Business Processes

Global Payroll for China supports these business processes:

  • Earnings

    Global Payroll for China enables you to define and process different earning types. Global Payroll for China also delivers common earning types, including those for monthly salary, overtime pay, variable bonus, 13th month pay, housing allowance, spouse allowance, commission payment, and retroactive earnings.

    See Understanding Earnings.

  • General deductions

    Global Payroll for China enables you to define and process many common general deductions, including taxation, social insurance payments, and public housing fund.

    See Understanding Deductions.

  • Benefit deduction calculations

    Global Payroll for China is designed to integrate with PeopleSoft HR, enabling the system to calculate benefit deductions.

    See Understanding Deduction Processing.

  • Absences.

    Global Payroll for China delivers rules that enable you to track paid and unpaid vacation.

    See Understanding Absence Elements.

  • Income taxes.

    Global Payroll for China enables you to calculate and process normal tax, annual bonus tax, and severance tax for payees, including specific tax calculations for the Beijing, Shanghai, Shenzhen, and Tianjin tax areas.

    SeeUnderstanding Tax Processing

  • Payslips

    Global Payroll for China enables you to create payslips based on your organization's needs. With payslip templates, you can specify the amount of detail to include on the payslip, such as delivery options, exclusions, accumulators, payslip sections, payroll elements (earnings and deductions), and absence elements.

    See Understanding Payslips.

  • Termination processing

    With Global Payroll for China, you can calculate final pay for terminated employees. You can define which earnings and deductions to process in the final payment. You can also define any special processing that should occur for each earning or deduction, such as severance payment, pay in lieu of short notice, and annual leave balance.

    See Understanding Terminations.

  • Banking and payment processing.

    With Global Payroll for China, you can set up banking and payment processing information for payees and define source bank information. The system uses the payment ID number defined in the banking process to assign a payment ID to any type of payment. The payment process also determines the appropriate payment number to assign to each payment. You can also define and manage prenotification information, create direct deposits, run the banking process, and create banking reports.

    Note: With Global Payroll for China, you can generate an EFT (electronic funds transfer) file in the format used by the China Construction Bank, Shanghai branch.

    See Understanding Banking.

  • Year-end processing

    With Global Payroll for China, you can process and generate the Annual Base Report for Public Housing Funding and Social Insurance (PHF/SI). Select Global Payroll & Absence Mgmt > Social Security/Insurance > PHF/SI Report.

    See Generating Public Housing Fund and Social Insurance Reports.

  • Payroll budget control

    With Global Payroll for China, you can define a payroll budget for your headquarters and child companies and departments at the beginning of a budget period and monitor your payroll actual costs against the budgeted amounts during that budget period. You can also run a comparison report to compare payroll results against the budget.

    See Understanding Payroll Budget Control,

  • Self-service for payslips.

    If you purchased ePay, payees can view their payslips online.

    See Viewing Payslips Online.