Payroll Manager®

Key Benefits

• Manages the complex calculation of salaries, withholding taxes, allowances and retroactive
• Helps Master to balance MGA’s
• Checks MGA records and automatic posting to Accounts.
• In line with all ever changing Greek Laws.

Manage office and seagoing payrolls

Overview

payrollVector Crew Payroll Manager allows a comprehensive management of the complex calculations of withholding taxes, allowances and retroactive calculations for both the Master on board as well as for the office MGA checker.

Vector Office Payroll Manager allows a comprehensive management of the complex calculations of withholding taxes, allowances and retroactive calculations for the office Personnel Manager.

Constantly following up the latest Greek law requirements for office and seagoing personnel regarding tax and payroll calculations.

Features & Modules

Crew Payroll Management

Designed to run in two modes:

  • Vessel reporting to Office
  • Office reporting to Vessel

Full integration with Vector Crew Manager Multi Currency support.

Allows the creation of multiple seaman collective agreements based on:

  • Nationality, Rank and vessel type,
  • Individual collective agreements,
  • Bonuses ,
  • Extra works & additional overtime with/without office approval.

Allows the creation of the payroll for a specific period and vessel

Produces individual seaman’s payroll details and pay slip and pay off

Creates seaman retroactive payroll

Fully compatible with Greek Payroll regulations and Legal requirements

  • Tax declaration statements
  • Company tax declarations
  • Social Security pension funds.
  • Income statement

Workflow between ship and office for extra work approval

Master General Accounts

Designed to run in two modes:

  • Vessel reporting to Office
  • Office reporting to Vessel

Recording of MGA elements:

  • Vessel Payroll
  • Bonded stores
  • Gratuities
  • Cash to master
  • Victualling accounts
  • Debit / Credit Differences

Closing of MGA consolidating the above element.

Fowrading to office for MGA checking.

Checking of shipboard MGA and posting to accounts.

Automatic calculation of exchange rates differences

Office Payroll

Supports multiple collective agreements

Supports personalization of collective agreements based on individual allowances.

Fully flexible in creation of payroll components such as basic wage and allowances.

Fully auditable for payroll changes such as:

  • Total years for Basic Wage scale
  • Change of Maturity
  • Family status change
  • Personal difference amount in individual payroll

Supports all public insurance schemas.

Fully flexible in definition of taxation scale

Produces monthly office wage payments for the Company and / or per Individual.

Produces additional payments such as Easter/Christmas bonus, Leave Bonus

Produces compensation payments

Produces retroactive calculations for salaries, social security contributions and taxation.

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