The entire process becomes easier for you to manage and can help you keep your employees happy and face no hassle when it comes to handling payroll processing. They know the researchers could not thank them enough for their caring contributions to the completion of this study. Elvira Apongao for her friendly advice and countless help for the completion of this study. The Human Resource Management Officer 4 will compute the salary based on the timekeeping of the employee. . This research stated following problems searching for an answer: 1.
A research writer as well, she has been published in The Sage Encyclopedia and Mission Bell Media. This word refers to the information entered to a computer for processing or computing the salary-using keyboard. In accounting, payroll refers to the amount paid to employees for working for a period of time. Accuracy, Speed Computerized accounting has User-definable templates which provides fast, accurate data entry of the transactions; thereafter all documents and reports can be generated automatically, at the press of a button. Simplifies Audits If the federal or state government decides to audit the company, a computerized accounting system simplifies the process. Computerized systems are always at risk of being hacked, power failure, viruses and losing information.
The study will give them a basic research reference and as a guide for them in making their own research informative. Ã Saving Money - even though there will be the immediate cost of the software, you are potentially saving the costs of unnecessary audits as well as saving money through time saved Disadvantages:. Transactions occur… through their paper records. Human error is often not as quickly identified, and records input need to be validated for accuracy. There may also be a variety of state reports to file. Taxes will vary not only by wage levels and tax allowances taken but also by the amount of wages that have already been earned for the year-to-date.
Security of employees data 8. The government takes the leading role as the distributor of resources instead of the market as in Western countries. This motivated the proponents to design a computerized payroll system to lessen or even eliminate the problems being encountered on the present system used by the Department of Agrarian Reform. World Academy of Science, Engineering and Technology 36 2009 Maintenance Management System for Upstream Operations in Oil and Gas Industry: Case Study paper explores the plant maintenance management system that has been used by giant oil and gas company in Malaysia. In addition, this study aims to develop a reliable and manageable computerized payroll system for Dona Aurora National High School, Sta.
Third, the in-house payroll database must be backed up and stored, which is normally handled by the payroll supplier. Joanne Pating Chairman of the panel , Mr. The main disadvantage with this system is it is high room for error. These taxes can be time-consuming and perplexing to compute manually. This act of managing payroll proves to be quite strenuous and time-consuming, not to mention obsolete.
However, it can be complicated by overtime wages, shift differentials, bonuses, or the presence of a wage change partway through the reporting period. In this study, this term refers to any group as components that is related or connection with the system. The program also allows the monthly payroll schedule to be calculated accurately. The Go-Giver by Bob Burg and John Mann A review of literature Management 6802 The world can sometimes be a selfish place. The basic process flow for a computerized payroll process is shown below: A fully automated process involves the review and verification of hours worked and other changes as entered by the employees, followed by the processing and printing of payroll reports, filing of direct deposit information and payroll taxes, and the distribution of paychecks. The twin objectives of the Act are augmenting wage employment and strengthening natural resource management.
Computerized systems offer a number of advantages, including increased accuracy and speed. Chapter 2 Theoretical Framework 2. Computerized systems are always at risk of being hacked, power failure, viruses and losing information. The Proposed Computerized Payroll System will give a big relief of the employee and employers as well. Back-up and Recovery The system has backup capabilities allowing the user to create a backup of the database which will be stored on secondary storage devices.
Timekeeping Fingerprint Technology — module that uses fingerprint technology for timekeeping Numeric Keypad Module — Module that uses numeric keypad technology that serves as an alternative if the fingerprint technology having technical problems. In summary, going for a computerized payroll system would be more economical in terms of future savings. Even though federal minimum wage is as low as 7. Therefore, time card, wages and payroll tax computations; wage. Medical record system will make retrieving and updating records much easier and simpler. Department of Labor requires payroll records to be kept for at least three years.
The solution needed to share data between the two databases of each product as well as provide web based screens to expose all the payroll functionality to the web-based users. Even though these professionals invested a lot of time and energy into keeping track of taxes, sick leaves, hourly remunerations, monthly salaries, and employee data, numerous errors could be noticed. For every employee they have 15 vacation and sick leave. The researchers recommend that employees that are involved in payroll preparation should be oriented for them to fully understand matters concerning the proposed system. Many companies used a dedicated computer that is not connected to the company network; the direct connection to the provider is not susceptible to the hackers, internet bugs, or internal snoops.