Presentation Outline: i. Understanding payroll system. ii. Types of transactions and financial statements affected. iii. Types of documents and records involved in the payroll cycle. iv. Major functions in the payroll cycle. 1. Understanding payroll system. (What is payroll system?) * A payroll system involves everything that has to do with the payment of employees and the filing of employment taxes. This includes keeping track of hours‚ calculating wages‚ withholding
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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. With
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group decided to make an Automated Timekeeping System with payroll summary replacing their Punch card Clock. The system will be made via Visual Basic. The program will include a timekeeping system and payroll template that will be utilized whenever an employee would like to request for a vacation leave or would like to file a sick leave. It is a simple system for this growing company and the group hopes that the system will help them diminish payroll disputes and prevent tampering of punch cards
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1.1 ABSTRACT Payroll System is the heart of any human resource system of an organization. The solution has to take care of the calculation of salary as per rules of the company‚ Income-Tax calculation and various deductions to be done from salary including statutory deductions like income-tax and provident fund deductions. Payroll can be classified into two (2) namely: Manual System and the Computer based system. In this study we used to developed computer based “Payroll System” to improve a faster
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In documenting the first step could look at the Data Flow Diagram and document the Entity‚ Data Flows‚ Processes and Stores. This would be valuable during development. I am documenting a more finished system. I can include a systems flow chart or some other means of showing the relationships‚ I can also document the input‚ output‚ database/files‚ and programs that make up the system. People have their own favorite way of doing this. This is just one possible way of doing it. Your textbook discusses
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EXISTING SYSTEMS OVERVIEW ➢ Background of the Company ➢ Organizational Structure and its Function to the Organization ➢ Existing System Overview ➢ Analysis for Existing System Cost Show the ff: ▪ Labour Expense ▪ Utilities Expense ▪ Rent Expense ▪ Office Supplies Expense ➢ Data Flow Diagram CHAPTER 3 SYSTEM FINDINGS ➢ System Findings ➢ Software Development Cost ➢ Hardware Development Cost ➢ Analysis for Propose System Cost
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Systems techniques are tools used in the analysis‚ design‚ and documentation of system and subsystem relationships. They are largely graphical (pictorial) in nature. Systems techniques are used by accountants who do systems work. Documentation includes the following types of tools: Narratives (written descriptions) Flowcharts Diagrams Other written material For this subject‚ we only need to discuss two (2) of the most common documentation tools: Data flow diagrams Graphical descriptions
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Payroll System Implementation This report will first examine the Testing Process Summary. This will include a definitive test plan which will identify the major functions of the systems software and hardware to be tested as well as the required system outcomes. Secondly‚ the installation process and training plan summary will be identified. For this portion of the writing‚ a Gantt chart will be used to identify the steps and related resources needed to implement the system. A narrative explanation
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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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Chapter 1-THE PROBLEM AND A REVIEW OF RELATED LITERATURE Project Context As Computer technology nowadays‚ changes at such time‚ many businesses factors try to cope up by upgrading computer system constantly in order to stay competitive. The multifunction ability of technology for its advance system is also an important factor for a company to use software. It makes efficient use of the advance technology and has ambition to discover more. Computers have the great impact on the profession of accounting
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