Rrl of Payroll System

Topics: Cagayan de Oro City, Canadian Payroll Association, Withholding tax Pages: 4 (1081 words) Published: February 28, 2012
Chapter 3.0
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 employee compensation, deductions, allowances, and benefits in an organization. The system is integrated with the Employee Information System, offers efficient features and functionality to manage company's expenses. (www.blastasia.com) Payroll is an application that lends itself well to the computer because of its repetitive procedures and calculation. A Computerized payroll system can perform the same basic function as those performed manually by payroll clerk. The important differences are the computer’s speed, accuracy, reliability, and ability to easily generate reports. In a computerized payroll system, the computer stores data such as an employee’s name, address, social security number, marital status, number of withholding allowances, pay rate and voluntary deductions. At the end of each pay period, the operator enters all payroll transaction data, such as regular and overtime hours for each employee and deduction into the computer. The computer calculates all withholding taxes and other deductions and accumulates and updates the earnings and withholdings. (Www.wadsworth.com) FOREIGN STUDIES

Titus Information Payroll System
A Payroll System designed to produce payroll checks with appropriate withholdings, benefits, allowances, and deductions for employees in multiple companies, departments, and/or sub-departments. It has been designed to handle up to 1,000,000 employees in 100 companies, 1,000 departments in each company, and 36 sub-departments in each...
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