Payroll System

Topics: Payroll, Western Visayas, Provinces of the Philippines Pages: 4 (960 words) Published: January 29, 2013
Computerized Payroll System of Capiz Electric Cooperative THESIS 1

Chapter 1

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 transaction. Payroll is an example of a complex transaction because it is a critical business operation dealing with numerous accounts and produce plenty and confidential files. Payroll is encompasses every employee of a company who receives a regular wages or other compensation due to each. Applying manual procedure on a Payroll transaction involving the vast beat answer in that problem would be computer because computers can simulate enormous data and can process complex transaction in a fast and efficient way. It can generate numerous accounts and data accurately. A Computerized Payroll System will not only provide accurate calculation and fast process of Payroll transaction but it will secure data through security implementation and accordingly arrange files provided by a well designed database that will produce a paperless environment. Capiz Electric Cooperative is Government regulated by ERC. Capiz Electric Cooperative is headed and managed by a General Manager from National Electrification Administration (NEA). Capiz Electric Cooperative if formed by the National Electrification Administration last June 07,1971 and registered with NEA last June 16, 1971.Several projects were proposed and granted by NEA and the cooperative rapidly expanded. February 16, 1978, National Electrification Commission (NEC) certificate of franchise NO. 004 issued to Capiz Electric Cooperative the license to operate electric light and power for 50 years in area...
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