importance study about s payroll system po s thesis
Travel Agency
Los Banos Branch
(SY 2014-201)
“DEVELOPMENT OF PAYROLL SYSTEM”
A Thesis Presented To:
Mr. Percivil Fernandez
By:
Contents:
Title:
Development of Payroll System
Proponents:
John Mark P. Jalbuena
Lorreinne joyce cada
Rizallyn
Maria. Khrystina B. Yanga
School:
AMA Sta.Cruz
Date:
11/17/13
Course:
BSAccountancy
Engineering
Adviser:
Mr.
Introduction:
Payroll consists of the process by which a business pays its employees for work performed during a specific period. A payroll system allows businesses to follow a set series of processes in order to make timely, correct payments in compliance with government regulations. A payroll system may be manual or computerized and handled in-house or outsourced to another provider. The payroll process typically includes calculating employee pay, recording payroll transactions and determining and paying payroll taxes. A company must have in place a timekeeping system that accurately reflects the hours put in by nonexempt employees as well as the regular salary payments for exempt workers. Employers typically withhold federal income tax from employee earnings; at the end of the year, they must report all wages, tips and other compensation paid. Companies also must withhold Social Security and Medicare contributions from employees' wages and pay a matching amount.
Background of the Study Computers have the great impact on the profession of accounting. With the rapid growth of technology today, there is no doubt that computer will become a common asset in all profession. As computer technology changes at such fast phase, many businesses sectors try to cope up by upgrading computer system constantly in order to stay competitive. The multi-function ability of technology for its advance system is also an important factor for a company to use software.
As our project the payroll system is one of the software that the professional is develop,
Los Banos Branch
(SY 2014-201)
“DEVELOPMENT OF PAYROLL SYSTEM”
A Thesis Presented To:
Mr. Percivil Fernandez
By:
Contents:
Title:
Development of Payroll System
Proponents:
John Mark P. Jalbuena
Lorreinne joyce cada
Rizallyn
Maria. Khrystina B. Yanga
School:
AMA Sta.Cruz
Date:
11/17/13
Course:
BSAccountancy
Engineering
Adviser:
Mr.
Introduction:
Payroll consists of the process by which a business pays its employees for work performed during a specific period. A payroll system allows businesses to follow a set series of processes in order to make timely, correct payments in compliance with government regulations. A payroll system may be manual or computerized and handled in-house or outsourced to another provider. The payroll process typically includes calculating employee pay, recording payroll transactions and determining and paying payroll taxes. A company must have in place a timekeeping system that accurately reflects the hours put in by nonexempt employees as well as the regular salary payments for exempt workers. Employers typically withhold federal income tax from employee earnings; at the end of the year, they must report all wages, tips and other compensation paid. Companies also must withhold Social Security and Medicare contributions from employees' wages and pay a matching amount.
Background of the Study Computers have the great impact on the profession of accounting. With the rapid growth of technology today, there is no doubt that computer will become a common asset in all profession. As computer technology changes at such fast phase, many businesses sectors try to cope up by upgrading computer system constantly in order to stay competitive. The multi-function ability of technology for its advance system is also an important factor for a company to use software.
As our project the payroll system is one of the software that the professional is develop,