Company Background LYL Development Corporation is engaged in general construction‚ and other allied business including the constructing‚ enlarging‚ repairing‚ removing‚ developing‚ or otherwise engaging in any work upon buildings‚ roads‚ highways‚ manufacturing plants‚ bridges‚ airfields‚ piers‚ docks‚ mines‚ shafts‚ waterworks‚ railroads‚ railway structures‚ all iron steel‚ wood masonry‚ and earth construction‚ and to make bid and take any contracts or assignment of contracts and to manufacture
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Payroll System Problem Statement Our task is the creation of a new payroll system. The old system is outdated and no longer adequately manages the payroll process and the entry of employee time card information. Therefore‚ manual intervention is required to process the payroll. In addition to the preexisting category of salaried employee‚ which the current payroll process does support‚ our organization now accommodates two new types of employees: those employees working on commission‚ and those
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Automated Payroll System Introduction: Every worker remembers his or her first payday. Whether the check was big or small‚ there was a deep satisfaction in tearing open the envelope and seeing that dollar sign. Over the years‚ the checks may arrive with less fanfare‚ but always with a strong sense of pride. This is the nature of work; fair and timely compensation for a job well done. Payroll‚ at its most basic‚ is the process by which an employer pays an employee for work performed. If you own
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Related Literature What is a Payroll system? A payroll system is an important application that should be used by businesses of any size. These systems are a guaranteed way to make sure your payroll is done on time and in compliance with all taxing authorities. Tax laws and rates have continually changed in recent years‚ new tax credits‚ expiration of old credits and rate changes can all affect the outcome of your payroll. These systems can be programmed to calculate taxes and deductions
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In a company‚ payroll is the sum of all financial records of salaries for an employee‚ wages‚ bonuses and deductions. In accounting‚ payroll refers to the amount paid to employees for working for a period of time. 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 allowances
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“ A survey on proposed Computerized Payroll System for Lucena Art Center Corporation” Please take a few moments to complete this survey that will provide information on your choice. Please fill out the following questions. Thank you in advance for your participation. 1. When was your payroll system last reviewed? a. less than one year ago d. more than 3 years ago b. more than one year ago but less than 2 years e. Other(please specify): ___________ c. more
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number and type of people‚ at the right time and right place‚ so as to enable the organization to achieve its planned objectives. Commonly‚ the objectives of Human Resource Planning department include resource‚ planning‚ recruitment and selection‚ career planning‚ training and development‚ promotions‚ risk management‚ performance appraisal‚ to name a few. Each of these objectives requires special attention and accurate planning and execution. It is of utmost importance for every organization to
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CHAPTER 1 THE PROBLEM AND ITS BACKGROUND Context of the Study In our life today‚ computer is one of the many inventions that greatly affected our way of living. In fact‚ it is regarded as an essential tool in many areas including business‚ industry‚ government‚ sciences‚ education‚ school‚ home‚ and in almost any organization and establishment that exists. It can perform operation and process data rapidly‚ accurately and reliably and by using these machines‚ spending a lot of time and effort in
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Acme needs a new system to allow employees to record time card information electronically and automatically generate paychecks based on the number of hours worked and total amount of sales (for commissioned employees). The new system will be state of the art and will have a Windows-based desktop interface to allow employees to enter timecard information‚ change employee preferences (such as payment method)‚ enter purchase orders‚ and create various reports. The desktop version will run on individual
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A Proposed Computerized Payroll System Chapter 1 THE PROBLEM AND REVIEW OF RELATED LITERATURE Introduction As computer technology changes at such fast phase‚ many businesses sectors try to cope up by upgrading computer system constantly in order to stay competitive. The multi function 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
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