on the other hand are unlimited legal tender. Optional money: It is that money which is ordinarily accepted by the people towards making any final payments; however‚ has no legal sanction behind it. The credit instruments like cheques‚ drafts‚ bills of exchange‚ promissory notes etc. are optional money. Noone can be forced to accept them; however‚ they are generally accepted because people have confidence in the credit of the paper. The optional money is also called as credit money. Robertson has
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I. INTRODUCTION Payroll is the process by which an employer pays an employee for work performed. If you own business‚ but don’t have any employees‚ then you don’t have to worry about payroll. But as soon as you hire your first worker‚ you have a responsibility to pay that employee on time and the correct amount. An employer uses a payroll system to process its payroll. Consequently‚ payroll cannot be process without a payroll system. A payroll system allows the employer to pay employees on
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When your small business chooses new payroll software‚ the process of implementing the new system can be overwhelming to many business owners. The payroll services experts at Simplified Tax Inc in Sparta‚ WI‚ understand that implementing a payroll system requires extensive preparation and patience. Their tax experts explain the process of creating a seamless payroll process. Before your new payroll software is implemented‚ make sure your current payroll department procedures are reviewed by your
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PAYROLL SYSTEM 1. Background of the Problem/Opportunity 2. Project Scope and Constraint The scope of the project covers the upgrade of the existing payroll system of the Catanduanes State Colleges‚ from a computer-based system to a web-based system. The system shall maintain a database that will store and maintain the updated Payroll Data‚ Deductions and salary information and compute employees’ salaries. The new system‚ as a web-based system‚ will allow employees to access the system through
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MINDORO STATE COLLEGE OF AGRICULTURE AND TECHNOLOGY MAIN CAMPUS ALCATE‚ VICTORIA‚ OR. MDO. LOAN ANALYSIS with WEEKLY PAYROLL VISUAL BASIC 6 PROJECT SUBMITTED BY: HAYDEE B. BONSOL BSAEn-II SUBMITTED TO: MRS. JENNY T. FERNANDO INSTRUCTOR According to Matias Arreola in his book ENGINEERING ECONOMY‚ there are many changes that have occurred in the Philippines. Some of changes are: the continuing increase in the cost of materials‚ equipment and labor caused
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CHAPTER ONE INTRODUCTION 1. BACKGROUND TO THE STUDY Payroll has been designed to remove the time and effort that is normally associated with payroll and to provide a direct and seamless operation that enables the employer to handle all staff and payment processes in a simple and accurate manner. Payroll software allows organization to generate pay slips and salary register‚ based on the attendance of the employees taking care of leaves‚ overtime‚ allowances‚ loans‚ advance‚ bonus‚ encashment
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introduction about the proposed system‚ the Online Payroll System. Its conceptual framework‚ the process of the existing manual based system as well as the automated process of the proposed system‚ the problems and the possible ways to minimize the hassle of the existing system‚ and the objectives and significance of the study. Introduction Every employee needs to be paid for the services he provides. For this to happen‚ the employer must have a payroll system in place. So obviously‚ there are benefits
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to ensure that the project will support the business requirement in accounting and improve better service to the employee in DMMA COLLEGE OF SOUTHERN PHILLIPINES. This study is conducted by Mary Ann Ivy Bautista‚ and Sheeneryl Lacay. We are proposing this study to the accounting department of DMMA COLLEGE OF SOUTHERN PHILIPPINES. Since the DMMA COLLEGE OF SOUTHERN PHILIPPINES is using office manual system in excel and they are thinking about creating a database to make payroll easily‚ and that would
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AlphaGate Inc. Payroll System Edrine Mark Gayon Software Engineering What is Payroll System? The Payroll System project is for small company and medium scale industries. The system is very useful for the payroll transactions. It can make the work for payroll administrator more easily and the system is systematic than using the manually. The Payroll System can solve much problem face by payroll administrator‚ for example‚ the calculation for the salary will automatic calculate by the system
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College is optional. Linda has good points on why you shouldn’t go to college‚ but it’s the student’s choice to go or not to go. She is suggesting to students that there are the same or more opportunities without a college degree‚ than there is for students without a degree‚ which is not correct in most cases. In the second paragraph Linda states that two-thirds of high school students go to college after they graduate‚ then later says that only 27 percent graduate college with a bachelor’s degree
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