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Senin, 02 September 2019

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What is salary crediting

Salary crediting is a type of banking service that makes it easy for companies to pay employee salaries. Companies that use salary crediting are usually large companies, with thousands of employees, so the company only needs to open a Giro account at a commercial bank, then all employees also open account at the same bank, and the company only needs to send a copy of the amount of salary that must be transferred to each employee, this transaction can be done in realtime and employees can collect their salary through an ATM.

Discussion
The progress of science and technology will be very influential in all fields, as well as in banking, initially payroll activities are carried out traditionally by way of providing these salaries directly, turning into using banking services.

It might not be a problem if the company is a small company that has only a few employees, but it will be a problem if the company is a large company with thousands of employees.

Minimizing time and energy, many company management make use of banking services, namely using salary crediting, using salary crediting services makes financial management work easier.

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