Cycles of payroll team members

The “Payroll” section in the application provides a consolidated view of both active and completed cycles of remote and payroll team members.

Payroll employees are grouped by company entity, with one cycle per entity for clear organisation and management. This structure streamlines payroll tracking and reporting for better efficiency.

The cycle statuses in the "Payroll" section are as follows:

1. To Report Changes: The initial status where payroll changes, PTO, expenses, new hires, or terminations can be reported until the cutoff date. The overview and possibility to adjust or add new changes is through cycle report draft.

2. Processing: After the cutoff date, the cycle automatically moves to this status, and the Lano team processes data.

3. To Approve: In this status the following items are available for your review:

   • 💼 Total Employer Cost

   • 💰 Total Gross Pay

   • 💵 Total Net Pay

   Additionally, the Gross to Net report and Payslips can be downloaded for a detailed review before approving the payroll cycle.

4. To Pay: Once cycle is approved you get access to full data for the cycle:

   • Payslips (Original ICP file - Separated & added automatically to each employee on the platform).

   • Gross to Net (Original ICP file).

   • Payroll Summary Report (Lano’s processed G2N).

   • Liabilities (Salaries + Authorities & Funds payments to complete) (Original ICP file).

   • Payment File (xml or country based ready-to-go input file) (Original ICP file) [if applicable]

   • JE File (Original ICP file)

5. Completed: The cycle is automatically marked as completed once the cycle end date is reached.