Chapter 3.0 Chapter 3.0 REVIEW OF RELATED LITERATURE The development of Computerized Payroll System for Capiz Electric Cooperative is difficult task. The proponents gathered some information that is related in the Proposed Computerized Payroll System to have a guide and background in developing a system. CONCEPTUAL LITERATURE Payroll System is a flexible compensation administration solution. It is designed to help human resource professionals as well as finance and accounting personnel to manage
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RUNNING HEAD: Internal Control for Inflows Internal Control for Inflows ACC/ 544 Internal Control for Inflows Internal controls are important to a business. The internal controls provide a safeguard against errors in the accounting system as well as the detection and prevention of fraud. With the inflows of the company come many risks that need to be considered. The ways in which cash‚ sales‚ accounts receivable‚ inventory‚ and production are handled within the company are different for
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PAGE East System Colleges of Rizal J. Pascual St. San Pedro‚ Morong Rizal “Wapols Payroll System” Title Title Description: “Wapols Payroll System” is a system wherein the salary of an employee will automatically display the result; including the overtime pay‚ bonuses‚ deduction’s like‚ SSS‚ PAG – IBIG‚ Tax‚ & Etc. This System also prints and store data for daily and monthly report. Wapols Payroll System is protected by an “Authentication Form” Which is the Payroll admin the only
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RJL Payroll and Biometrics System Requirements Modeling BIOMETRICS • Output The biometrics system must provide a complete record of the employee’s attendance. • Input The system receives the scanned fingerprint of the employee. • Process The system matches the fingerprint with the employee’s file and records the time-in and time-out. • Performance The system must produce accurate hours worked by the employee. • Controls
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1.0 Introduction 2.1 Background of the study Payroll encompasses every employee of a company who receives a regular wage or other compensation. It is the sum of all financial records of salaries for an employee‚ wages‚ bonuses and deductions. Some employees may be paid a steady salary while others are paid for hours worked. All of these different payment methods are calculated by a payroll specialist and the appropriate paychecks are issued. By law‚ employers are required to pay employees
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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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the change in the payroll system is a technological change in IT (Simnett‚ R.‚ pg 311)‚ there is an increase in inherent risk within several areas. The change in IT systems may lead to errors that may occur through the conversion of systems‚ the information from the old system may not be compatible with the new system regardless of how similar the systems may be or the new system may not work as management intended or it may be unreliable. Disregarding the fact that the two systems may be similar‚
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Checklist for Evaluating Internal Controls ACC/544 April 29‚ 2013 Christine Errico Checklist for Evaluating Internal Controls Internal controls are methods a company implements to safeguard and protect the company in its day-to-day operations as well as its financial information. To ensure these controls are effective and performing properly a company must evaluate these controls. In performing this evaluation a company should use the three phases of the control evaluation. These phases
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Internal cash control is very important to any business. Without effective methods in place to ensure that funds and resources are being used in an ethical and efficient way‚ a company may lose money or run into many other problems. Through proper establishment of responsibly‚ segregation of duties‚ document procedures‚ and security measures‚ any company should be able to maintain their funds and feel confident that their employees are producing accurate and ethical results. In the exercise detailing
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Week 5 Case Study 2‚ Internal Control System. By Elias Hane Ehane2000@yahoo.com Cell: 786-488-8109 ACCT 504: Financial Accounting Submitted To: Professor Mario Perez Keller Graduate School of Management DeVry University - Miramar Campus Miramar‚ Florida MPEREZ@devry.net December 5‚ 2012 Table of Contents Page Presentation………………………………………………………………………………….1 Introduction Overview of the situation….……………………………………………………………
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