Payroll System

Topics: Time clock, Employment, Timekeeper Pages: 9 (2453 words) Published: July 9, 2013
1.0 Introduction
At the dawn of a new era, the industrial age changed the face of the planet with every marvelous inventions that were given to us by every scientist that poured their undivided attention and unquestionable devotion to make this world a better place to live. From vehicles, weaponry, equipments, and medicine, all of these inventions paved the way to another milestone of human evolution. The Digital Age or the Computer Age is at hand. Most of the inventions made before are being replaced with computer technology. The telephone invented by Alexander Graham Bell has now evolved into different variations nowadays. Skype™ allows us to communicate with almost everyone thru computer.

M+Macbuilt Engineering Technologies™ is a firm that offers engineering solutions to companies that operates mechanical equipments. They build, install, and maintain heavy machineries. Their office is located at 1908 FCEA Bldg, Balibago, Angeles City. The firm is populated by 10 office employees and 16 field workers.

Our 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.

The timekeeping system is built with a Time-in/Time-out sequence that records the start and finish of an employee's shift for the day. The record will then be computed and will reflect on the employee's pay slip. Visual Basic will be used for this system to maintain the system's simplicity. at the end of the shift, the employee will press end of shift and the data will be to the supervisor/manager.

1.2.1 General Objectives-
The main objectives of the study it to develop a timekeeping system for M+Macbuilt Engineering Technologies which could help them to keep timekeeping records intact and accurate. 1.2.2 Specific Objectives-

-Create a timekeeping system that monitors the working hours of employees real-time. -Create a payroll system that reflects only to the timekeeping records and to the administrator's input.

1.4 Significance of the Study
The significance of this study is to improve the timekeeping system of M+Macbuilt Engineering Technologies. The ordinary punch-card timekeeping system lacks security capability that is why we added protected spreadsheets where the program is installed. We also would like to add an automated payroll summary where the salary of the employee is being computed real-time.

1.5 Scope and Limitations
The scope of this study is only limited to the employees working in M+Macbuilt Engineering Technologies. Questionnaires were given at the office and were answered by the employees. These questionnaires helped us in finding the solutions for the current timekeeping system's probleam areas.

2.0 Review of related literature
Why Automated Timekeeping?
Today's automated timekeeping technology is a powerful resource for businesses, both large and small.  It is designed to offer exceptional convenience, and to substantially improve profit margins by reducing the cost of labor.   Many companies that are considering an automated timekeeping system are motivated primarily by the convenience it provides.  However, what is often overlooked is exactly how much companies save by tracking their employees with an automated solution.  An integrated and automated timekeeping approach will not only pay for itself year-after-year, but will also return immense savings.  These savings stretch far beyond simply recovering the cost of the solution in the form of reduced...

Bibliography: (Article)  by Noam Yalon (April 11th, 2012)
Well-Rounded Timekeeping By Cathy S
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