Global Payroll for Singapore Overview

Global Payroll for Singapore leverages the core system, and provides carefully developed country specific rules, processes, and reports that address your payroll needs. Global Payroll for Singapore enables you to quickly implement your payroll solution to comply with Singapore laws and regulations.

Rules

Global Payroll for Singapore includes payroll and absence processing rules to address most of the payroll and absence functionality that you need to handle day-to-day payroll and absence processing.

Earnings and Deductions

Global Payroll for Singapore is delivered with a number of earnings and deductions set up to enable you to meet common business practices.

Absences and Terminations

Global Payroll for Singapore delivers rules for processing absence payments, such as annual leave, sick leave, maternity leave, other leave and national service leave. Rules are also delivered to calculate unused annual leave on termination. You can modify any of these rules to reflect absence and termination policies that are specific to your organization or to labor agreements with your employees.

Central Provident Fund

The Central Provident Fund (CPF) feature enables you to calculate, record, and report contributions for Central Provident Fund and other funds and levies collected by the CPF board. PeopleSoft supports the administrative and reporting requirements of CPF administration and maintenance.

Festive Advance Business Process Integration

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

Payslips

Global Payroll for Singapore includes a generic payslip template, which you can use as a pattern when you create your own. The design of the payslip feature enables you to create and control payslips so that they display the data that you want 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.

Banking and Recipient Processing

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, merges it with data provided by the Global Payroll for Singapore, and creates the file for transmission.

General Ledger Interface

When you integrate Global Payroll and PeopleSoft General Ledger, you can automatically post elements that are associated with a finalized calendar run to the PeopleSoft general ledger system. The General Ledger Interface (GLI) functionality for Singapore builds on the standard GLI functionality delivered with Global Payroll.

Inland Revenue Reporting

The Inland Revenue Reporting feature enables you to capture, generate, and maintain both employee and company identification and biographical data that support the reporting requirements of the Singapore Inland Revenue Authority (IRAS). The system meets the IRAS requirement to produce the IR8A, IR8S, Appendix 8A and 8B, IR21 and Appendix 1 forms which are required for reporting annual payments, benefits, gains or profits from share options and foreign employees who are terminating their employment.