Computerized Payroll Chapter 1-5
CHAPTER ONE
1.0 INTRODUCTION
1.1 BACKGROUND OF STUDY
Prompt payment of staff salaries by management of an organization boosts the morale of staffs and enhances productivity. Manual preparation of staff’s salaries is often associated with lots of problems, which often time disrupt the morale of workers. The problems ranges from arithmetic error in computation, delay in payment, underpayment or overpayment and so on. In this project work, automated system shall be developed which shall eliminate all the problems associated with the manual process.
The most common method of keeping the financial records of a company was manually. A bookkeeper kept the journals, the accounts receivable, the accounts payable, payroll and the ledgers in his best possible penmanship. In later years, an accounting machine, which was capable of performing normal bookkeeping functions, such as tabulating in vertical columns, performing arithmetic functions, and typing horizontal rows was used. The billing machine, which was designed to typewrite names, addresses, and descriptions, to multiply, to compute discounts, and to add net total, posting the requisite data to the proper accounts, and so to prepare a customer’s bill automatically once the operator has entered the necessary information, was used. Early accounting machines were marvels of mechanical complexity, often combining a typewriter and various kinds of calculator elements. The refinements in speed and capacity made possible by advances in electronics and operating complexity of these machines. Many of the newer “generations” of accounting machines are operated by a computer to which they are permanently connected. Because of the minute by minute change in finances, accurate record keeping is critical. Computerizing a business’s general ledger, payroll, and other accounting tasks increases office efficiency.
With the advent of computerization in accounting, Electronic spreadsheets were
1.0 INTRODUCTION
1.1 BACKGROUND OF STUDY
Prompt payment of staff salaries by management of an organization boosts the morale of staffs and enhances productivity. Manual preparation of staff’s salaries is often associated with lots of problems, which often time disrupt the morale of workers. The problems ranges from arithmetic error in computation, delay in payment, underpayment or overpayment and so on. In this project work, automated system shall be developed which shall eliminate all the problems associated with the manual process.
The most common method of keeping the financial records of a company was manually. A bookkeeper kept the journals, the accounts receivable, the accounts payable, payroll and the ledgers in his best possible penmanship. In later years, an accounting machine, which was capable of performing normal bookkeeping functions, such as tabulating in vertical columns, performing arithmetic functions, and typing horizontal rows was used. The billing machine, which was designed to typewrite names, addresses, and descriptions, to multiply, to compute discounts, and to add net total, posting the requisite data to the proper accounts, and so to prepare a customer’s bill automatically once the operator has entered the necessary information, was used. Early accounting machines were marvels of mechanical complexity, often combining a typewriter and various kinds of calculator elements. The refinements in speed and capacity made possible by advances in electronics and operating complexity of these machines. Many of the newer “generations” of accounting machines are operated by a computer to which they are permanently connected. Because of the minute by minute change in finances, accurate record keeping is critical. Computerizing a business’s general ledger, payroll, and other accounting tasks increases office efficiency.
With the advent of computerization in accounting, Electronic spreadsheets were
References: 1. Jeffrey L.Whitten, Lonnie D.Bentley and Kevin D.Dittman (2001). System Analysis and DesignMethods. New York, Irwin/McGraw-Hill, Fifth Edition, pp13, 479. 2. Simon Bennet, Steve McRobb and RayFarmer (2002). Object Oriented Systems Analysis and Design Using UML, Maiden: McGraw-Hill, Second Edition, pp301, 321. 3. J.L.Boockhdt (1999) Accounting Information Systems-Transaction Processing and Controls. United States of America, Irwin/McGraw-Hill, pp 673-674. 4. David H.Weaver, Edward B. Bruner, James.M.Smiley and Virginia A. Rose (1988). Accounting Systems and Procedures. United States of America, McGraw-Hill, Fifth Edition, pp 443-449. 5. Gregory E.Anders, Emmajo Spiegel berg and Sally Nelson (2002). Microcomputer Accounting-Tutorial and Applications. United States of America, Glencoe/McGraw-Hill, pp196-197. 6. Mark Priestley (2003) Practical Object-Oriented Design With UML. New York. McGraw-Hill. Second Edition, pp330-333. 7. Myrvin F. Chester, Avtar.K. Athwall (2002). Introduction to Basic Information Systems Analysis and Design .New York. McGraw-Hill, pp 212. 8. Payroll, Wikipedia the free encyclopedia.htm, 2006. www.alltheweb.com.