Effortlessly configure and manage distinct setups for provident, gratuity, and other employee funds within a single HRMS, ensuring streamlined administration and consistent fund management.
Harmony HRMS Funds Accounting
Bridge the Gap Between Payroll and Fiduciary Excellence
Harmony’s Funds Accounting module provides a dedicated financial engine to manage multiple funds—from provident to gratuity—ensuring every contribution is tracked, every voucher is automated, and every audit is effortless.
Integrated Voucher Orchestration
Automated synchronization from Payroll to Ledger
Eliminate manual journal entries and the risk of data leakage. Harmony’s HCM System automatically fetches vouchers for contributions, loan installments, and markups directly from the payroll module. This "one-touch" integration ensures that your fund accounting is always in sync with your live payroll cycles, turning your HRIS into a true financial system of record.
Multi-Fund Financial Statement Suite
Full transparency from the trial balance to income statements
Harmony’s HRMS allows you to maintain a unique chart of accounts for multiple funds. Generate a complete suite of financial outputs—including general ledgers, income statements, and balance sheets, specifically for your employee funds, providing the granular visibility that your CFO and auditors demand.
Automated Withdrawal and Disbursement Logic
Secure, policy-driven fund lifecycle management
Protect fund integrity with automated voucher generation for withdrawals, returns, and loan disbursements. Harmony’s HCM Software ensures that "outside adjustments" and repayments are handled through a secure, validated workflow, maintaining absolute fiduciary control over employee assets while simplifying the administrative burden.
More reasons to switch with Harmony
Dynamic Multi-Fund Setup
Automated General Journaling
Instantly record every fund transaction in a secure general journal, ensuring a permanent, chronologically accurate audit trail.
PF Loan Markup Tracking
Automatically calculate and record markups on PF loans, ensuring accurate financial reporting, proper interest tracking, and consistent loan management.
Historical Audit Ledgers
Access to a permanent record of every voucher and financial action ever taken—essential for long-term fiduciary compliance and financial audits.
Real-Time Trial Balance
Monitor fund health at a glance with a real-time trial balance that reflects the most recent contributions and disbursements.
Individual Fund Eligibility Integration
Link accounting vouchers directly to employee eligibility status for a unified administrative and financial experience.
FAQ
Frequently Asked Questions
Harmony uses a completely integrated architecture. By fetching vouchers directly from the payroll module for contributions and loan installments, the system removes the human error associated with manual data entry.
Yes, Harmony’s HCM system allows for multiple setups for different funds (Provident, Gratuity, etc.), each with its own specialized chart of accounts and reporting requirements.
Absolutely, this is a full-featured accounting engine. It generates a Trial Balance, General Ledger, Income Statement, and Balance Sheet specifically for your funds.
Harmony’s HRMS software features "Auto Generation" for vouchers related to loan disbursements, returns, and outside adjustments, ensuring your fund ledger is always balanced and compliant.
Helping Businesses of all Sizes for 32+ Years
Leading Fortune 500 companies trust our enterprise solutions for HR, payroll and quality
Testimonials
What They Say About Us
Sofcom provided excellent support and training during implementation.
Sofcom has done a great job with providing us the support and training while implementing their Human Capital Management solution in our organization. We are thankful to their team and hopeful to continue our business partnership with them.
