SIF Files and Gratuity Calculations

Comprehensive handling of SIF Files, Gratuity & GOSI Calculations

With Greytip Online, you get peace of mind regarding your payroll compliance and reports. Generating SIF files as per UAE Central Bank WPS (Wage Protection System) regulations is a matter of minutes. All relevant rules are built into the software and all reports are ready to generate without any effort on your part!

Another big advantage of using Greytip Online payroll software is the facility to get informed on changes in these specific statutory rules and regulations. You have the option to automatically update your settings to comply with the latest regulations.

SIF Files

Greytip online enables you to directly generate SIF Files (as per WPS regulations) after payroll processing. Salient features are:

• 100% compliant with UAE Central Bank WPS formats
• Facility to store Establishment Id, Bank Routing Code and other information
• Facility to store Employee Account Number and other information
• After Payroll is processed, click a button and get the SIF file.
• No need for any data entry month after month (except additions / changes).

Gratuity Calculations

Greytip Online has provision for calculation of Gratuity as per the requirements of MOL or the company policies. Salient features are:

• Specify the number of days for calculation of Gratuity depending on the years in service
• Automatic calculation of Gratuity during the final settlement of the employee
• Reports at the end of every month on the provisions for Gratuity

GOSI Calculations

Greytip Online has provision for complete calculation of GOSI as per the statutory requirements. Salient features are:

• Specify the amounts or components on which GOSI is calculated
• Handling of GOSI calculations during employee Leave
• Reports at the end of every month on the deductions and provisions towards GOSI