Oak's financial tools automate complex calculations for your estate. Calculate weekly payments and bonuses accurately, manage loan repayments, and track all estate expenses and income from sales. Generate comprehensive financial reports for any time period, and streamline annual settlements including bonuses and provident fund contributions.

Oak's financial automation saves time and reduces errors in your payment processes.

Weekly Payment Calculation

• Automatic Wage Calculation: Based on attendance records and activity rates, Oak automatically calculates what each worker is owed.
• Multiple Payment Types: Handle fixed wages, piece-rate payments, time-based wages, and combinations thereof.
• Withholding Support: Automatically apply withholding rules for loans, advances, or other deductions.
• Commission Tracking: Calculate and track commissions for supervisors or gang leaders based on their team's output.

Loan Management

• Loan Disbursement: Record loans given to workers with terms and repayment schedules.
• Family-Linked Loans: Track loans across family groups with flexible repayment allocation.
• Automatic Deductions: Configure automatic loan repayments from weekly wages.
• Balance Tracking: Always know outstanding loan balances for each worker or family.

Estate Financial Tracking

• Expense Recording: Track all estate expenses categorized by type—labor, materials, equipment, services, and more.
• Income from Sales: Record sales of produce, harvest, or other estate outputs with buyer details and payment tracking.
• Cash Flow Visibility: Understand your estate's financial health with clear income and expense summaries.

Annual Settlements & Compliance

• Bonus Calculations: Automatically calculate annual bonuses based on your configured rules and worker tenure.
• Provident Fund (PF): Track PF contributions and generate reports for compliance.
• Settlement Reports: Generate comprehensive annual settlement statements for each worker.

Comprehensive Reporting

Generate detailed financial reports including:

• Weekly payment summaries
• Monthly and annual expense reports
• Worker-wise payment history
• Loan outstanding reports
• Activity-wise cost analysis
• Block-wise expense tracking

All reports can be exported for your records or for sharing with accountants and auditors.