Does ReadyBooks calculate ESI and PF automatically?

Yes. Configure ESI and PF rates in settings, and ReadyBooks calculates employee and employer contributions automatically for every payslip. Rates follow current government norms.

Can I generate payslips for all employees at once?

Yes. Process payroll for all employees or a selected group in one go. Each employee gets an individual payslip with full salary breakup, deductions, and net pay.

Does it handle different salary structures?

Yes. Configure custom salary components — basic, HRA, DA, special allowances, and more. Each employee can have a different structure based on their role and grade.

Can employees access their own payslips?

Team members with appropriate access can view their own payslips and salary history through the platform.

Does payroll integrate with accounting?

Yes. Every payroll run creates the correct journal entries — salary expense, ESI/PF liability, TDS payable, and net salary payable. Your books are always up to date.

ReadyBooks

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PAYROLL

Run payroll in minutes, not days

Calculate salaries, generate payslips, and handle ESI/PF contributions — all with Indian compliance built in. From salary structure to bank transfer, one workflow.

Complete payroll management

Everything you need to pay your team accurately and on time, with full statutory compliance.

Salary processing

Process salaries for all employees in one click. Custom salary structures with basic, HRA, DA, special allowances, and deductions.

Payslip generation

Generate professional payslips with complete salary breakup, deductions, ESI/PF contributions, and net pay. Share as PDF.

ESI & PF compliance

Automatic calculation of ESI and PF contributions — both employee and employer share. Follows current government rates and thresholds.

Employee management

Maintain employee records with joining date, salary structure, bank details, PAN, and Aadhaar. Complete HR data in one place.

Attendance tracking

Track attendance, leaves, and working days. Salary calculations adjust automatically for absences and half-days.

Accounting integration

Every payroll run posts journal entries automatically — salary expense, statutory liabilities, and net payable. Books always match.

Why businesses choose ReadyBooks for payroll

Stop calculating salaries in Excel. Get accurate payroll with compliance built in.

Error-free calculations

Salary components, deductions, ESI, PF, and professional tax calculated automatically. No formula errors, no missed deductions.

Statutory compliance

ESI and PF calculations follow current government norms. Employee and employer contributions are tracked separately and correctly.

One-click payslips

Generate payslips for the entire team in one go. Professional format with complete breakup that employees and auditors expect.

Books always current

Payroll journal entries post automatically. Salary expense, liabilities, and payables are always reflected in your financial statements.

Payroll that connects to your accounting

Most payroll tools are standalone — you process salaries in one system and manually post entries in another. ReadyBooks eliminates this gap. Every payroll run creates the correct journal entries for salary expense, ESI/PF liabilities, TDS payable, and net salary.

For businesses with 5 employees or 500, the workflow is the same: configure salary structures, process payroll, generate payslips, and see the accounting entries appear automatically. Your CA never has to ask for payroll data separately.

Frequently asked questions

Simplify your payroll today

Process salaries, generate payslips, and stay compliant — all for free. No credit card required.