Looped Payroll works out PAYE, UIF, SDL and ETI for South African companies, prepares your EMP201 and EMP501, and posts each pay run to Financials when you finalise it.
Included with Financials and its 30-day trial. No card required.
OCTOBER · MONTHLY · 3 EMPLOYEES
2 changes since last month. Everything else matches the last run.
Pay monthly, fortnightly or weekly. Draft the run and Looped shows what changed since the last one before you finalise it. Hourly pay and overtime can come from Track hours. Finalised payslips are never edited, so a correction goes on the next run.
Tax is worked out with medical tax credits, retirement fund contributions and tax directives, and ETI is settled monthly with carry-forward. Every payslip has a full calculation view, so you can check the working.
EMP201 figures in the order eFiling asks for them, the UIF declaration as a uFiling file, EMP501 as an e@syFile export, IRP5 and IT3(a) certificates, UI-19s and the COIDA Return of Earnings.
Finalising a run posts one journal: salaries, employer contributions and what you owe SARS. When the salary payments and the EMP201 payment show up on your bank statement, they match against it.
Email branded payslip PDFs when you’re ready. Each employee can open My pay to see their payslips and IRP5s on their phone, and they don’t take a paid seat.
Bring the year to date across from Sage’s reports, compare a dry run with Sage to the cent, then confirm. Your employees see their earlier Sage payslips in My pay too.
Owners and Payroll Admins run payroll, and only an owner can hand out a payroll role. Employees see their own payslips in My pay and nothing else.
An employee’s details are kept as dated versions with a reason for each change, and an audit log records who did what. You can require a second person to approve a run before it’s final.
ID, passport, tax and bank account numbers, dates of birth and home addresses are encrypted before they’re stored. Only a person can change bank details, the new number is typed twice, and the payment file lists new and changed accounts on their own.
Payroll prepares the figures and the files, and you still submit them on eFiling, e@syFile and uFiling yourself. It pays nobody either: you download a payment file for Standard Bank, or a CSV for any other bank. Leave balances aren’t tracked yet, and taking over from Sage works for monthly payroll. Payroll is for companies registered in South Africa.
No credit card required. Bring your team or your bookkeeper in when you’re ready.