Pensoft

Brand : Peninsula Software

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Starting at $ 659

Save Extra with 2 Offers

Save upto 28%, Get GST Invoice on your business purchase |
T&C
Users with registered businesses can purchase goods from merchants on the platform to satisfy their business needs. Users are not permitted to utilize any products acquired through the platform for resale, advertising, business, or further distribution.

For each purchase made, users will receive a Tax Invoice (or 'GST invoice') that includes specific details such as:
- the GSTIN of the user associated with their registered business, and
- the specified Entity Name for their business.
It should be noted that not all products are eligible for GST Invoice. Only the products displayed by participating sellers with the 'GST-based Invoice Available' callout on the product description page would qualify.

Certain goods and services are not eligible to get a GST Invoice, including items with VAS, i.e., Value Added Services (e.g., Total Mobile Protection/Assured Buyback) and those involving an exchange offer at the time of purchase.

Users must ensure the accuracy of the GSTIN, and business entity name provided for the GST Invoice. Requests for corrections into GST Invoice would not be accommodated by Techjockey.com or any Seller, and any issues arising from user-provided information are the sole responsibility of users.

Techjockey.com is not liable for the GST Invoice or any associated input tax credit. To efficiently claim an input tax credit, users should select the registered place of business address as per the GST authority's data and follow the provisions of the GST Act and rules.

To claim an input tax credit, the delivery and billing addresses must match. Furthermore, input tax credits will not be granted if the delivery address and GSTIN on the invoice are from different states. In case of incorrect GST details provided during the order placement, the order will be canceled automatically.
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Pensoft Software Pricing, Features & Reviews

What is Pensoft?

Pensoft is a cloud-based program that provides payroll management solutions to small and mid-sized enterprises. The software helps organizations in streamlining their staff management and payroll system on a single platform. Accountants can bespeak different combinations of income, benefit provisions, deductions, allowances, to suit their company policies. The employee self-service portal within Pensoft, helps employees with the management of their pay stubs, W-2s and company messages, all by themselves. The intuitive software has active integration with InsureLinx, which helps in managing workers’ compensation. The e-filing services within the software work in compliance with modernized e-file and internal revenue services, offering a hassle-free e-tax filing solution.

How does Pensoft’s direct deposit facilitate better business?

Savings: The direct deposit enables quality savings for each business, ensuring better profit margins.
Safety: The system also ensures bank to bank secured transfers, eliminating all potential chances of losing paychecks or theft.
Guaranteed Pay: Pensoft digitalizes the entire payroll process, ensuring accurate payments on every payday, irrespective of holidays or the accountant is ill or enjoying vacations.
Convenience: Employees no longer need to get their checks deposited and wait for the money to cash in their accounts. They can start with their bill payments within a few hours after the salary gets credited.

Benefits of Pensoft

E-Filing: Pensoft provides E-Filing services that work in compliance with the Internal Revenue Service’s Modernized e-File (MeF) system. It helps organizations with their online tax filing requirements.
Pay As You Go: Organisations get to eliminate the need for making initial payments and other payments at regular intervals by paying compensation as you go along the employment. HRs can establish a policy of their own setup classification codes for individual employees, get their payroll processed, create workers transmission files and submit the particular within InsuranceLinx in a secured manner.

Pricing of Pensoft

The pricing of Pensoft is available on request. If you want to know more about the solution, feel free to request for a callback. Our consultants will get in touch with you in real-time.

Pensoft Features

Payroll Management

Overtime Management Tracks and calculates employee overtime hours.
Automated Payroll Streamlined payroll calculations for timely processing.
Direct Bank Transfers Automated salary deposits directly to bank accounts.
Off-Cycle Payroll Processing Process unscheduled payrolls for bonuses or adjustments.
Multiple Pay Rates and Schedules Supports varied pay rates and custom pay cycles.
Bonus and Incentive Management Configures and manages employee bonuses and incentives.
Tax Deductions Calculates pre-tax and post-tax deductions for compliance.
Variable Pay & Commission Management Manages variable pay and commissions accurately.
Expense Reimbursements Automates employee expense reimbursement processing.
Employee Benefits Management Administers employee health, retirement, and other benefits.
Gratuity Calculation Calculates gratuity as per Indian statutory requirements.

Compliance Management

Income Tax (TDS) Management Automates TDS calculations and deductions.
Provident Fund (PF) Compliance Ensures timely PF contributions and reporting.
Professional Tax (PT) Compliance Manages PT deductions per state regulations.
Labour Welfare Fund (LWF) Management Manages LWF deductions for eligible employees.
Employee State Insurance (ESI) Compliance Tracks and manages ESI contributions.