In 2021, the number of mobile users worldwide stood at 7.1 billion, with forecasts suggesting this is likely to rise to 7.26 billion by 2022. In 2025, the number of mobile users worldwide is projected to reach 7.49 billion. (Source)
Payroll Calculator is a user-friendly and intuitive application for calculating the final wages of all types of employees. This considers many factors, ranging from vacation fund exceptions to allowances for overtime or night shift work. Such an application is particularly popular with both full-time employees and freelancers and those who receive hourly wages, such as programmers. As the trend towards digitalization grows steadily, investing in the development of a payroll calculator can become more than justified and profitable in the long run.
The payroll calculator app is not an official way to calculate salary. It is purely advisory and serves as a helpful tool for understanding certain financial matters.
The app allows you to estimate the actual value of an employee. We propose to dwell on the application used mainly by managers and senior staff. A well-designed multifunctional payroll calculator shows the employer the full range of financial costs required to hire an employee. This is an excellent tool for making a financial plan in case of opening an additional branch in another city or simply expanding the current working headquarters. Also, such a calculator will help analyze current costs and optimize them if necessary.
You can, of course, make a more specific product directly for employees. But ideally, the payroll calculator application should be calculated both for the company's management and for ordinary employees. This will make the application universal and, therefore, more in demand.
Let's consider what data the application should be able to operate with:
Annual base salary. The "net" amount of money paid to each employee in your business without any benefits.
Annual bonus. A common practice for companies is to keep employees motivated. NIC. Mandatory payment withheld from employers.
NIC. Mandatory payment withheld from employers.
Taxable Income. Many employees have an individual tax credit that is tax-free. It also includes benefits for people with disabilities or other problems.
Real wage. The base salary, bonus accruals, and the employer's NIC.
Company pension. Recently, the corporate pension scheme has become more common. The accession of an employee to it is exclusively at his request.
Private medical. Private health care is one example of benefits. For example, dental care, both at home and in other countries.
Company car. Depending on the specifics of the work, using a company car may be part of the employee's social package.
This list can also be supplemented with attributes like agency fees, training costs, shares equity, recruiter costs, and travel costs.
|User Feature||Admin features|
|Sign-in, Sign-up & Login Module||Admin Log-in|
|Choose Date for payroll||Manage Payroll|
|View Staff details||Manage Users|
|Add staff details||Manage earnings|
|Additional earnings||Manage Timesheets|
|Type of earnings||Manage Calculations|
|Approve Payroll||Manage Journals|
|Choose Default calculation|
|Finalize Pay run|
|Cost to develop a Payroll Calculator App: CAD 25k-35k (Android + iOS + Web App + Backend) approx|
|One Time Calculations|
|Generate Annual Reports|
|Generate Monthly Reports|
Start processing your payroll and getting your staff paid in less than 5 minutes with our easy to use interface and online access from anywhere. No waiting for software to download, no hidden fees, and no worries about record keeping. We give you full online access, electronic records and robust payroll processing with a quick sign up anytime you are ready.
Do you need to add a custom deduction? Company coffee fund? Uniforms? Payroll gives you full control in adding these custom features without the huge costs others charge – it's all included as part of our service. Legislative updates, new payroll tables and other changes are included - and always up to date.
We are custom mobile app development company in Canada, having rich experience in developing numerous mobile apps and websites for our global clients. Our dedicated team of mobile app developers, for your Mobile app development project, will comprise:
When deciding on developing a mobile app, it’s important to picture the entire range of stages and procedures to go through.
According to the mobile app projects approach by Lets Nurture, here is the life cycle of a typical development project, no matter the complexity:
Our Expert Mobile App Developers are having rigorous experience in developing web or iOS / Android apps
Expertise in Payroll Calculator Mobile App development using the latest technologies
Expert and free consultation on strategic features, their development and an effective testing strategy
Great value on costs for Payroll Calculator Mobile app development
Coding as per the guidelines of Apple Store & Google Play
Support in Application deployment and Approval
Now you know the market opportunity, have access to the resources required to leverage it and a prospective team of experts which can help you achieve it. Hit the iron, when it’s still hot!