Monthly Payment Procedure (Contractual)

This Internal KB article comprises of the entire monthly payment process to contractual employees of webdew

Salaries For Contractual Employees (webdew Labs Inc) 

1. Salary Calculation and Invoice Generation:
   1. Salaries for contractual employees are calculated following the standard procedure as mentioned in the Salary Process.
   2. Once the final salary amount is determined, an invoice is generated and shared with the Contractor for validation.
   3. After the Contractor signs the invoice shared by the HR, salary details for each contractual is shared with the management.
   4. The following information is included in the salary approval message:
      1. Beneficiary Name
      2. Net Payable Amount
      3. Account Details:
      4. Account Number
      5. IFSC CodeSalary Verification and Individual Details Sharing:
2. Note Regarding RBI Adapter: 
   It's important to note that salaries for contractual employees under Webdew Lab's Inc will not be included in the RBI Adapter.
3. Sheets top be Maintained: 
   1. Canada Subcontractor Invoices (Drive)
   2. Subcontractor Invoices Google Sheet (Sheet 18)
   3. Invoice Template

By adhering to these procedures, we ensure accurate and transparent processing of salaries for all employees, maintaining financial integrity within the organization. Your attention to detail in following these guidelines is crucial for the successful implementation of our payroll process. 

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Submitted By Saumya Singh on 11th October 2023