Online Payroll System

Topics: Computer, Income, Tax Pages: 7 (1394 words) Published: October 13, 2014


Chapter I
Problem and its Background

This chapter presents a brief discussion and introduction about the proposed system, the Online Payroll System. Its conceptual framework, the process of the existing manual based system as well as the automated process of the proposed system, the problems and the possible ways to minimize the hassle of the existing system, and the objectives and significance of the study.

Introduction

Every employee needs to be paid for the services he provides. For this to happen, the employer must have a payroll system in place. So obviously, there are benefits to be derived from using a payroll system. A payroll system is the method used by payroll professionals to pay employees for their services.

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 impact on the profession of accounting. With the rapid growth of technology today, there is no doubt that computer will become a common asset in all profession. The program also allows the monthly payroll schedule to be calculated accurately. Just by having all employees’ info like

name, working hours, pay rate many others to enter in the database. Therefore, payroll can be done with the guide of the program. The system is good in for its specialty in the fields of accounting. It is easy to use, effective and efficient in organizing and calculating the payroll. In addition, this study aims to develop a reliable and manageable computerized payroll system for Eastwoods Professional College of Science and Technology for a better manageable of a business. The Proposed Online Payroll System will give a big relief of the employee and employers as well.

Payroll consists of the process by which a business pays its employees for work performed during a specific period. A payroll system allows businesses to follow a set series of processes in order to make timely, correct payments incompliance with government regulations. A payroll system may be manual or computerized and handled in-house or outsourced to another provider. The payroll process typically includes calculating employee pay, recording payroll transactions and determining and paying payroll taxes. A company must have in place a timekeeping system that accurately reflects the hours put in employees as well as the regular salary payments for exempt workers. Employers typically withhold federal income tax from employee earnings; at the end of the year, they must report all wages, tips and other compensation paid.

   The solution has to take care of calculation of salary as per rules of the company. This Online Payroll System is a full-featured system that manages financial information of every employee in an organization. It computes and processes the payroll in the certain payroll period.

      This Online Payroll System is also 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’s information, offers efficient features and functionalities to manage company's expenses.

Background of the Study
Nowadays all establishment are becoming modernized, they use modern technologies to make their transaction fast, easy, and accurate in order to avoid waste of time and for the sake of safety and security. It also helps human to solve and understand complex problem and analysis such us the computational need of humans. Especially to business establishment or corporation processing enormous data and complex...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Essay on payroll system
  • Payroll System Essay
  • Payroll System Essay
  • Payroll System Essay
  • Payroll System Essay
  • Essay about Payroll System
  • Payroll System Essay
  • online gown rental system Essay

Become a StudyMode Member

Sign Up - It's Free