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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An employer uses a payroll system to process its payroll. Consequently‚ payroll cannot be processed without a payroll system. A payroll system allows the employer to pay employees on time and accurately‚ plus comply with other statutory regulations. Employers with non-exempt workers‚ those not exempt from overtime pay‚ therefore must keep a record of hours worked for each employee. Any timekeeping system is fine‚ but it should be accurate‚ complete and compatible with the payroll system being used
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Problem Statement The study specifically seeks to answer the following problems in manual payroll process: • Speed in processing payroll tends to be slow. • Prone to mathematical errors that could consume much time than it should and could cause financial or legal trouble. • Tallying of time cards is done manually. • Time consuming in double checking the consistency of all the reports. • Difficult and time consuming in keeping up-to-date in taxes and other deductions.
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UNIVERSITY OF NUEVA CACERES City of Naga COLLEGE OF COMPUTER STUDIES 786 ALI AVENUE Co Ltd. PAYROLL SYSTEM Submitted to: Ms. Mclyn Dimaculangan INTRODUCTION Payroll is the sum of all the financial records of salaries of every employee; it also includes the wages‚ bonus and deductions. Payroll plays a major role in every company or establishment‚ because it refers to the amount paid to every employee of that certain company or establishment
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INTRODUCTION Payroll System is an important application that should be used by business of any transactions. This system is a guaranteed way to make sure that the payroll is done on time and in agreement with all the taxing authorities and the salary of the employee. Payroll systems are simple to use and easily affordable. These systems can be programmed to calculate taxes and deductions of each employee’s to specific area. Most systems have a database that can be accessed for updating. Payroll system
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Introduction R.A.W.S Auto Supply & General Merchandise is located at 649 La Forteza‚ Brgy 175 Camarin‚ Caloocan City owner with Mr. and Mrs. Rosa Santos. They have 10 suppliers for the supply and 5 people to accommodate their store. They came up with the store name to the acronym of their names. R.A.W.S Auto Supply & General Merchandise start 2000 and manage first by Mr. Andy Tam-og then after 4 years Mr. & Mrs. Rosa Santos buy this store and until now they manage it. The ordering
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INTRODUCTION Information Technology is the study‚ design‚ development‚ implementation and support management of information system. It helps to produce‚ manipulate‚ store‚ communicate and/ or disseminate information. We used the term information technology or IT to refer to an entire industry. In actuality‚ information technology is the use of computers and software to manage information. In some companies‚ this is referred to as Management Information Services (or MIS) or simply as Information
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PTY LTD. FROM : EDDIE P. IRINCO & ALINE TEXTEIRA Audit Seniors SUBJECT : AUDIT PLAN We have conducted an efficient and effective audit through adequate planning. Under ASA 300.5 (ISA 300.02) our audit team had thoroughly plan the work to enable the audit performed in an effective manner. Sealant Company Pty Ltd was assessed on two risks aspects‚ Business Risk and the level of Inherent Risk. BUSINESS RISK ASSESSMENT The audit team had assessed Sealant Company Pty. Ltd on the basis of
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My Payroll Design My Payroll is a web based payroll application capable of doing a basic payroll. This project tries to encompass all the learning you have had during the course of the last few weeks. At the end of this project‚ you would have applied your Object Oriented Concepts‚ Database understanding‚ and use of a modern language‚ clean and structured code. Page 1 of 25 Contents 1 2 3 4. Summary ................................................................................
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Payroll Basics (PY-XX-BS) PurposeThe Payroll is based on an international payroll driver. This payroll driver was modified for each country. The country-specific payroll drivers take the statutory and administrative regulations of a country into account.Since the payroll driver has a modular structure‚ you can use the Customizing functions to quickly modify the payroll procedure to meet the particular requirements of your enterprise.Process FlowWhen you access Payroll‚ the payroll driver calls the
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