Payroll System
Chapter I
Introduction
Today in our generation, the innovation in technology is fast approaching there are many tools and techniques especially the creation of the computers. Computers are the most usable machine in our times, it can perform various task and operation like storing information in a digital format and execute a list of instructions. Computers also enforce security to the information stored depending on the user. Thus making a safe and accurate storage and you can manage and monitor the data every transaction better rather than using a manual keeping of records. Many businesses or company is engage in the world of technology because they think their business will become effective and efficient with the use of computer. Through the existence of technology, companies today prefer to use computerized system to its transaction in order to stay competitive. This have made companies and business entities to increase its profitability and as well as to limit its resources due to the help of modern technology. Technology also introduced local businesses not only to the national trade but also to the global market. One of the systems used by these business entities is the computerized payroll system. Computerized payroll system is a personnel data file and records of the companies’ employees that generates necessary information in connection to his salaries and wages. A computerized payroll system will not only resolve difficult problems but also it will provide fast process and accurate calculation of the salary. Unlike on manual payroll system, there are possible errors that may encounter because calculations are made only by hand. Moreover, while with a manual payroll system you have to do everything yourself, a computerized payroll software will calculate automatically all pay frequencies, employee statutory deductions, contributions, and even bonuses. Basically, all you have to do is enter all the data upon which the deductions are based, and
Introduction
Today in our generation, the innovation in technology is fast approaching there are many tools and techniques especially the creation of the computers. Computers are the most usable machine in our times, it can perform various task and operation like storing information in a digital format and execute a list of instructions. Computers also enforce security to the information stored depending on the user. Thus making a safe and accurate storage and you can manage and monitor the data every transaction better rather than using a manual keeping of records. Many businesses or company is engage in the world of technology because they think their business will become effective and efficient with the use of computer. Through the existence of technology, companies today prefer to use computerized system to its transaction in order to stay competitive. This have made companies and business entities to increase its profitability and as well as to limit its resources due to the help of modern technology. Technology also introduced local businesses not only to the national trade but also to the global market. One of the systems used by these business entities is the computerized payroll system. Computerized payroll system is a personnel data file and records of the companies’ employees that generates necessary information in connection to his salaries and wages. A computerized payroll system will not only resolve difficult problems but also it will provide fast process and accurate calculation of the salary. Unlike on manual payroll system, there are possible errors that may encounter because calculations are made only by hand. Moreover, while with a manual payroll system you have to do everything yourself, a computerized payroll software will calculate automatically all pay frequencies, employee statutory deductions, contributions, and even bonuses. Basically, all you have to do is enter all the data upon which the deductions are based, and