Preview

payroll

Powerful Essays
Open Document
Open Document
1210 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
payroll
Marwadi Education Foundation Group of Institution Rajkot.

A
Report
On
“PAYROLL MANAGEMENT SYSTEM”

Prepared by:-

Sanura Nilesh R.(110573116006)
Padariya Sanket M.(110573116010)

Submitted to:-

Prof. Sushmita Mandal
Assistant Professor of
IT Department
Marwadi Education Foundation Group Of Institutions

Payroll Management System:

Payroll is very simple, flexible and user-friendly Management software. That takes care of all your requirements relating to accounting and management of employees’ Payroll. Payroll stores complete records of the employees, generates Pay-slips and Attendance Register, Computes all allowances and deductions and generates all statutory reports.

Payroll is only salary processing software with good and wide-industry range of clients. It offers very high flexibility in defining various allowances, deductions, leave rules etc. for the employees and all formula for P.F, Income Tax etc. are definable and changeable at User's end.

Payroll Application has been designed for the purpose of maintaining details of various allowances and deductions that needs to be given to the employees of the organization. Also, it generates the salary Sheet of the employees of the organization that assists the accounts department in many ways.

Main Objectives:

There are multiple objectives behind the designing and implementation of the
Module:
To prepare the detailed salary record of all the employees in an organization.
To generate Pay-In-Slip through the calculation of salary Proper usage of manpower To maintain Allowances, Deductions, Loans, Savings and Arrears details for the employees
To generate reports in user-defined formats
To generate various important reports that provides valuable information

You May Also Find These Documents Helpful

  • Good Essays

    Controls for Outflows

    • 571 Words
    • 3 Pages

    Payroll plays a major role in a company for several reasons. From an accounting point of view, payroll is crucial because payroll and payroll taxes considerably affect the net income of most companies, and they are subject to laws and regulations. The primary mission of the payroll department is to ensure that all employees are paid accurately and timely with the correct withholdings and deductions, and to ensure the withholdings and deductions are remitted in a timely manner.…

    • 571 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Payroll

    • 1968 Words
    • 8 Pages

    Introduction Payroll Operations - Tasks & Deadlines Documentation Payroll System Administration - Tasks & Deadlines Documentation Payroll Accounting - Tasks & Deadlines Documentation Payment Of Remuneration To Employees A.T.O. PAYG Tax Legislation for Employers A.T.O. Superannuation Legislation for Employers Payroll Tax Legislation - Each State Wages Declaration For Workers Compensation - Each State Payroll Processing Checklists Payroll Management Monthly Schedule - Including KPIs Payroll Yearly Tasks & Deadlines Checklist Payroll Job Descriptions Payroll Staff Training & Development Payroll Productivity & Staffing Levels Payroll Association Membership Payroll Practitioner - Certification Audit Obligations - Payroll Management Standards 4 5 5 5 5 6 6 6 7 7 7 8 8 8 9 9 9 10…

    • 1968 Words
    • 8 Pages
    Good Essays
  • Powerful Essays

    This chapter* provides an overview of how the payroll process typically functions, using a payroll supplier, an in-house payroll process assisted by computer systems, or an in-house system that is entirely processed by hand. These descriptions also include flowcharts of each process and coverage of the exact controls that are most useful for each situation. Additionally, the chapter covers the types of documents used to set up a new employee in the payroll system, how to organize this information into a personnel folder, and how to process changes to employee information through the payroll system. As noted in the summary, the information in this chapter is supplemented with more detailed descriptions of specific payroll issues in later chapters.…

    • 6302 Words
    • 26 Pages
    Powerful Essays
  • Satisfactory Essays

    SAD Proposal Format

    • 917 Words
    • 4 Pages

    This study aims to provide a company a new payroll system that would have a great effect on its own management. The researchers seek and wanted to know the difference between the previous system, which is a manual system, and the new system, once it has been applied.…

    • 917 Words
    • 4 Pages
    Satisfactory Essays
  • Better Essays

    Payroll Accounting

    • 3235 Words
    • 9 Pages

    Payroll accounting has been greatly improved with the invention of accounting information systems (AIS). The process of payroll is a complicated one that involves many steps. From updating the employee information to printing the checks, almost all areas have been improved with the help of AIS. There are many things to keep track of when processing payroll from beginning to end. Many larger companies have turned to outsourcing payroll services to keep up with all of the taxes, withholdings, and other deductions, to name a few. Using a payroll provider can be helpful for small to medium sized businesses, but only if the benefit outweighs the cost of processing payroll in-house. If it is decided to process payroll in-house, there are several internal controls, such as segregation of duties, which will have to be established. These controls, if implemented correctly, can help to safeguard assets from theft and fraud. All aspects of business, especially payroll accounting, have been improved following the introduction of AIS.…

    • 3235 Words
    • 9 Pages
    Better Essays
  • Better Essays

    Computerize Payroll System

    • 2241 Words
    • 9 Pages

    As our project the payroll system is one of the software that the professional is develop, thesystem is good for its specialty in the fields of accounting, it is easy to use and effective and efficient in organizing and calculating the payroll process and it is more important application that should be used by businesses of any size. Payroll systems are very simple to use, they can easily be incorporated into any business applications being used by the company. These systems are a guaranteed way to make sure your payroll…

    • 2241 Words
    • 9 Pages
    Better Essays
  • Good Essays

    Payroll Literature Review

    • 665 Words
    • 3 Pages

    The payroll system is a new system which uses the computer to work out calculations regarding employees’ performance whereas can compute the total target and hence produce the salary achieved by the employee. In…

    • 665 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    The purpose of this study is to design and implement a payroll system that should accept employee hours, worked, compute net pay and record all the payroll data for succeeding processing.…

    • 1139 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Payroll systems include any and all types of financial statements that involve the payment of an employer's employees, as well as any statements that relate to the filing of employment taxes. Not only are statements included within these types of systems but the actual functions of printing, delivering or electronic transfer of employees' funds are also included.…

    • 456 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Audi HR practices

    • 1509 Words
    • 7 Pages

    Payroll ensures for our co-workers the services to be provided by the employer including payroll and the operation of the system of non-salarial allowance packages, cooperation with trade unions and the support of HR changes within the company.…

    • 1509 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    The Dynamic Online Payroll and Employee Software is a web-based integrated payroll and HR management system. It is available as a hosted subscription-based (SaaS) application or as a fully customizable standalone installation for larger companies. The system offers the following key modules:…

    • 374 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Payroll is one of the largest expenses incurred by a business. It consists of the wages and salaries any business pays its employee. Nowadays, business establishment or corporation must use modern technologies to make their tasks easier and faster, technologies that will help people to solve complex problems. Businesses needs advance system that saves time and also secure. One of the examples is the payroll system.…

    • 869 Words
    • 4 Pages
    Better Essays
  • Good Essays

    Literature Review for Hrm

    • 812 Words
    • 4 Pages

    The payroll module automates the pay process by gathering data on employee time and attendance, calculating various deductions and taxes, and generating periodic pay cheques and employee tax reports. Data is generally fed from the human resources and…

    • 812 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Many of the companies are using an automated payroll system because it gives a lot of benefits in their business. An Automated Payroll System can perform the necessary information reports such as SSS contribution, Withholding Tax, Pag-ibig contribution, and salary reports. The process of automated compared to the manual process have big distinction in time you save. Automated Payroll System increases the accuracy of check calculations and minimizes errors.…

    • 3046 Words
    • 11 Pages
    Good Essays
  • Satisfactory Essays

    tracking system

    • 509 Words
    • 3 Pages

    Our payroll system is basically an application program, used to manage the records of the employees working in the company.The payroll process typically includes calculating employee pay, recording payroll transactions and determining and paying payroll taxes.…

    • 509 Words
    • 3 Pages
    Satisfactory Essays