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What is Payroll ? Payroll is a process by which the employer pays his employees. The payroll processing consists of calculations on employee’s earnings and deduction on the monthly basis. There are several factors involved such as basic salary, allowances, bonus, medical benefits, gratuity and pf deductions. Since accuracy is most important for salary calculations, […]

What is Manufacturing Waste ? Manufacturing waste not only refers to the material scrap after the production process, but also the unnecessary expense and the use of time that does not result in a quality product to the customer. Every business owner faces a significant loss of money if this manufacturing waste is not checked […]