...Did you ever wonder why in every company there is a need to have a system? Do you imagine an organization without any planning program? Since then, in every company a system is one of the ingredients of their success and capacity to give services. Payroll System is one of the fundamental needs of 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 services they provided during a certain period of time. Payroll plays a major role in a company for several reasons. From an accounting point of view, payroll is crucial because payroll and payroll taxes considerably affect the net income of most companies and they are subject to laws and regulations (e.g. in the US payroll is subject to federal and state regulations). From an ethics in business viewpoint payroll is a critical department as employees are responsive to payroll errors and irregularities: good employee morale requires payroll to be paid timely and accurately. The primary mission of the payroll department is to ensure that all employees are paid accurately and timely with the correct withholdings and deductions, and to ensure the withholdings and deductions are remitted in a timely manner. This includes salary payments, tax withholdings, and deductions from a paycheck. Companies typically generate their payrolls on regular intervals, for the benefit of regular income to their...
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...A PROPOSED COMPUTERIZED PAYROLL SYSTEM JOSEPH ARJAY S. SISON TECHNOLOGICAL INSTITUTE OF THE PHILIPPINES Bachelor of Science in Information Technology System Analysis and Design-SAD 003 October 2012 Part 1 – Summary of Proposal System Title: “Payroll System for BLV Courier Express” Proponents of the System Name: Joseph Arjay S. Sison Adress: 16 3rd Street, Felicidad Village III, Banaba, San Mateo, Rizal Contact Details: 997-1985/0922-861-3937 Description of the System The system is designed as storage of data and information of every payroll of the client. It will ease the clients/users when they search data from the past payrolls. The people that will benefit from the system are the owner and the supervisor of each branch office/business area. The system will let the supervisor to store raw data on day-to-day basis and it will serve as their daily monitoring reports. The system will generate the Payroll when the period where the salary of each employee will be computed arrives, in the client’s case; salaries of employees are paid every last day of the month, therefore the system will generate the Payroll one day before the pay day. The system generates the Payroll by tallying the total jobs done by each employee, then multiply it to its corresponding rate, then computes the salary deductions (i.e.: Income Tax Withheld). The system will let either the owner or the supervisor to look or produce a hard copy of reports in a certain month that can be...
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...Compensation in Sime Darby Berhad from payroll perspective 1 Introduction Employee compensation is define as all form of pay going to employees which arising from their employment and could be in the form of direct financial payments and indirect financial payment (Dessler, 2013, p. 378)[1]. There are two basic ways to make direct financial payment to employees based on increments of time or based on performance. This concept of payment method is applied by Sime Darby Berhad. Normally, Non-executive employees mostly consist of Blue-collar, operation workers, and clerical workers are paid based on time-based pay method. Non- Executive workers normally required to work overtime. This is due to cater with the high workload during specific time. For example, normally clerical worker need to work overtime at the end of the year in order to close the account or to finish any unsettled work before they start new task at the beginning of the year. Overtime work is normal in Sime Darby since the workload among Non- Executives workers seem inconsistent throughout the month and year. The workload could be very low at the beginning of the month, but it turn to be so much work to do at the end of the month. For example, compensation team under Human Resource Department will be at ease at the beginning of the month because all of business units will send all compensation instruction or they called “movement” in the middle of the month. Therefore...
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...Pro Staffing Research for Outsourcing Payroll and Tax Services 03/15/2014 Table of Contents Project Scope 4 Requirements 4 Procurement Advantages 5 Savings Analysis 5 Procurement Disadvantages 6 Risks 6 Scoring Matrix for Procurement Proposals 8 Contractual Analysis 12 Considerations 12 Proposal Information 12 Legal Compliance Subjects 12 Proposal Questionnaire 12 Instructions to Proposers 13 Project Scope Pro Staffing research of outsourcing payroll and tax responsibilities versus in-house or new software package to evaluate which process will better meet the needs of corporation in both cost and quality of services. The analysis shows the cost savings for the procurement average 31% less than in-house management either by current processes or new software. Risk/ liability for Federal Tax withholding and reports is moved to the vendor. Requirements The solution needs to provide minimal 1. Direct deposit or mail for employees and contractual workers regular payroll, bonus pay, and expense checks 2. Handle workers compensation payment 3. Payroll withholding 4. Payroll tax management 5. Knowledge of international payments to employees or contractors 6. Online payroll management by Pro Staffing 7. Web access with required registration access for previous W2 and payroll check information for up to five years 8. Documents should be printable or delivery by mail 9. Strict documented protocol...
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...For this course project I have decided to choose The Boys and Girls Club of Metro Atlanta. Today in 2014 I currently stay in the outskirts of Atlanta, GA and I am a product of The Boys and Girls Club. After I graduated from Clark Atlanta University in 2006, I then started a paid internship with The Boys and Girls Club of Metro Atlanta. From past experience until this very day there needs to be more strict background checks implemented when it comes to the basis of hiring volunteers and employees. If a stronger hiring process is not implemented I really feel that this location of the Boys and Girls in Metro Atlanta will be in a crisis because the wrong individual(s) were perhaps mentoring young adolescents that shouldn’t be. If this continues this could ultimately crush the dreams and aspirations of young mind. Today in 2014 there is a new generation when it comes to technology, and it’s improving each and every day of our lives. So it wouldn’t be a bad idea to take opinions and suggestions from the public within the community area of Metro Atlanta. Atlanta isn’t really a big place for the most part, and everybody knows everybody as it may seem scarily strange. These surveys could deliver information about the needs of The Boys and Girls Club of Metro Atlanta, a comments section for the public, and ideas and information that they can share to better the individuals that mentor the young adolescents within the community. So the question is are the children safe and can parents...
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...CHAPTER 1 INTRODUCTION Background of the Study HISTORY OF PAYROLL SYSTEM A computerized payroll system, the employer invests in a computerized payroll software. Using a software such as quickbooks allows the employer to enter the wages into the system after employer has manually calculated them. The payroll and check printing are processed through the system. The employer has access to payroll reports that can print and use to double-check against what the employer entered before printing the checks. This allows the employer to correct any detectable errors beforehand. Computerized payroll system allows the employee to process all normal payroll task via a computerized system, rather than by hand. Essentials like name, address, Social Security number and withholding rate for each employee are automatically filled in for every pay period until the employer make an employee’s record inactive. Mari’s Boutique&Goods was found by Mrs. Maribeth Boorman and was established on April 18, 2012. It is located at Artacho Street, Lingayen, Pangasinan. There are three working employees. Many different vendors offer computerized payroll system. Like different word processors or other computer programs, they largely offer the same types of features with slightly different interfaces. Payroll is essentially how employees are paid. It’s the legal paperwork involved. There's more to payroll than just handing out cash or checks. However, after gathering data on...
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...the effectiveness and efficiency of payroll processes. The role of Information Technology is constantly evolving and has changed significantly and now enables new competencies that make new strategies no matter the sector is. Businesses of all sizes make use of computer based systems because of its great benefits to improve efficiency of business transactions, not only does this kind of technology improve their daily routine and processes, but also boost their daily business transactions, communications and general operations. Business establishments or corporations have to use modern technology to be competitive. The application of up-to-date technology helps businesses solve complex problems making daily office tasks faster, secured and most of all cost-saving. Payroll is the sum of all financial records of an employee. In accounting, payroll refers to the amount paid to employees for services they provided during certain period of time. Payroll system is the heart of every Human Resource System in an organization. [STUD2011] The developed system for Benigno “Ninoy” S. Aquino High school is classified as a Transaction Process System (TPS) because it can provide accurate data and reports in a certain business, In this case the payroll in the said school. Payroll System with Biometrics for Benigno “Ninoy“ S. Aquino National High School 1-1 Transaction Processing System has characteristic which is applicable to the proposed system. It includes (1) rapid response which...
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...Findings The Department of Trade and Industry has a semi-automated accounting system. The entity uses Electronic New Government Accounting System (E-NGAS) along with Microsoft Excel, Payroll Credit System (PACS), Land Bank of the Philippines (LBP) Bank Transmittal and Check Preparation System to prepare their payroll. The City Government of Legazpi has a fully automated accounting system. Like the Department of Trade and Industry, it uses Electronic New Government Accounting System (E-NGAS). However, in addition to E-NGAS, the City Government of Legazpi uses a software called Base Bytes Payroll System specifically designed to prepare their payroll. Meanwhile, the Department of the Interior and Local Government is using a manual accounting system. The strengths ans weaknesses of automated accounting information systems do not apply to the manual accounting system used by the Department of Interior and Local Government. Delays sometimes happen and the cashier and employees claim that some errors are found in their payroll. The employees also report complaints. The semi-automated accounting system, as used by the Department of Trade and Industry, is simple, fast and flexible. Data is well-organized and consistent. Storage and accessibility of information is highly reliable and it provides complete and credible information. Using a semi-automated accounting system, reports are released and payroll is distributed on time. Employees support this claim by stating they receive...
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...business that has automated or computerized processes such as scheduling, time cards sheets to collect time and attendance data. NOVA time a group system developer, on last May 2007, the system that will give management the power to not only utilize the tools we have available to us today, but will continue to grow and evolve, giving it the capability to incorporate and utilize the tools the new millennium promises to bring us. NOVA time has brought a system designed for growth while maintaining the maximum in flexibility. Where the sophistication lies within the programmed mechanism of the system, allowing for a quick and simple implementation and employee training cycle, after all the true test of a system is not only in the production and wealth of reporting, but in the simplicity and ease of its operation in conjunction with a simple and accommodating implementation program. Better humans (2003) stated that a wireless fingerprint scanner could soon be helping law enforcement agencies; government and the military instantly identity the scanner, called sweet fingerprint, today. It is being demonstrated at the government convention one merging technologies, which addresses issues of homeland security Scanned fingerprint can also be used to query a database for someone’s profile, using automated fingerprint identification system, and the profile can then be sent to a mobile device such as a personal digital assistant. According to the related article mentioned above, fingerprint...
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...worker, it is a moot point if the person has frequent absences from work. In that regard, I have a record of counseling the employees I supervise as to the importance of this concept. It has resulted in a significant decline in absenteeism and therefore higher productivity throughout my department. I would like to outline two of the more significant contributions I have made to the Smith Company. This will go possibly further than anything to bolster my request for a pay raise. First of all, I completely overhauled the payroll process and changed the pay period from weekly to bi-weekly which saves the company money in several ways. The pay checks only have to be prepared half as many times per year, obviously. Money is also saved by the interest earned on the yet to be paid out funds and the reduction in bank fees. Along with the change in pay periods, we have totally revamped the way the deductions are computed, resulting in a more accurate system as a whole. This project took almost a year from start to finish, and it, alone, would be sufficient to...
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...anonymous tip and believes that based on the tip, fraud within the organization was occurring. A fraud examination was conducted and the findings from relevant documents and interviews are below. Executive Summary: The investigation started when Mr. Kennedy approached our team asking us to review documents to see if a potential fraud within the organization was occurring. Mr. Kennedy received an anonymous tip that potential asset misappropriation was occurring within Tallahassee BeanCounters. We began our investigation by reviewing different financial documents obtained from Tallahassee BeanCounters as well as information provided to us by others within the organization covering the period from April through July. We analyzed payroll documentation from Tallahassee BeanCounters and ADP, purchase orders, invoices, and shipping receipts for various equipment purchases. We examined concession purchases, and analyzed sales of tickets, parking, programs, concessions, and promotional activities to determine where assets presented evidence of misappropriation. After having reviewed and analyzed all documentation requested and received, we found that $6,913.82 of ill-gotten gains was deposited into a bank account in Jessica Keller’s name to pay rent expense and back child support for Ben Hill. Costs totaling a minimum of $9,462.44 were associated with the embezzlement. These ill-gotten gains came from multiple facets within the organization. Scope The objective...
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... Hypothèses……………………………………………………………page 6 7. Objective……………………………………………………………….page7&8 8. Justifications…………………………………………………………page9&10 9. Expectation…………………………………………………………..page11&12 10. Conclusion…………………………………………………………..page13 1. 1 INTRODUCTION Is software and system engineering company founded in 2012, our offices are located in 292 Smith Street Durban South Africa. We supply software engineering solutions through consulting services and implementations of new software products. We strive to provide integrated and innovation solutions to our clients by utilizing the latest technology, best practices and recognized industry standards. Through our knowledge and significant experience in the industry, we add value to our client’s operations and build long term relationships that are mutually beneficial. We achieve excellence through the application of our extensive knowledge and experience in software engineering management (SEM) and system development life cycle (SDLC) combined with process models, simulators and advanced process control systems through project life cycle (PLC). Our company is managed and structured to achieve trustworthy and effective results, even the most challenging client requirements. We endeavor to exceed our client’s expectations with the solutions we provide by giving our clients solutions that add value to their operations and give them a competitive edge. ...
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...Threats and Vulnerabilities: Payroll Problems The problem in the payroll department last year may be due to a process that is flawed or by an employee who did not follow the process. The Sr. VP Dale Connor is attempting to bring to Jacket-X an atmosphere were security is an important part of every job at the company. He also realizes this is new thinking for Jacket-X and it will take the employees some time to adapt to the new culture. The need for cyber security is greater now than ever. In 2011, The Ponemon Institute published the Second Annual Cost of Cyber Crime Study. In the study, the institute reports that the median cost of cybercrime in a survey of 50 organizations was $5.9 million annually. Jill Peters is the VP of Human Resources and the payroll function falls in her sphere of responsibility. Jill knows the payroll function but is not a fan of the automation that IT can provide to her department. Jill feels that security can hamper the productivity of her department. The need for security that Dale is trying to foster does not seem to have a champion in Jill. The fact that Jill feels that she and Dale have a good dialogue is encouraging but security will be a hard sell to Jill. The payroll function occurs on the company intranet and the intranet has connectivity with the internet. Cybercriminals may be able to find a way into the company payroll and divert money from the employees into their own pockets. Jacket-X may not have the security in place to repel an...
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...The Existing System By poulalvin Feb. 17, 2013 410 Words 1 View PAGE 1 OF 2 2.0 METHOLOGY OF THE STUDY After through the analysis on the current payroll system. The proponents mentioned some consideration of the proponent they are not familiar with an accounting technique used to process Payroll So namely the connectivity will be made and after reviewing his client's system. The system should be able to complete it as quickly as possible and should be implemented version. The proponents of the prototype and that uses the following activities would be recognized. * Requirements Gathering and Refining The proponents have meets with the client, determined the overall objectives of the system and also need to recognize the system. The proponents are seeking facts and data through interviews with private companies and the companies concerned staff. The proponents also been researching and imformation from the internet, books and other resources and additional data for our system. * Quick Design A quick production design and then built that focuses on the areas found in the user area as the primary user interface system functionality. The proponents have used the patterns in existing company said. The proponents will look on other transactions such as project and compered by its structure and design. * Building Prototype To produce a prototype system, the proponents follows the pattern and the required steps in building a system. * Customer Evaluation of Prototype ...
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...Weekly Tasks 1. Enter Vendor Bills into QuickBooks. 2. Transmit employee’s time from Journyx to QuickBooks 3. Assign classes to employee’s time that was transmitted from Journyx to QuickBooks 4. Enter Time & Billable expenses into VIP system (for Lockheed Martin) 5. Every Monday following the week time was entered in VIP, go into VIP check to if time & expenses have been approved & print out invoice report for previous week, and then put this invoice into QuickBooks. 6. After collecting Time create invoices for projects Unisys & Lockheed Martin (Cloc, I2SSC). These are the only weekly billed Projects. Biweekly Tasks 1. Transmit payroll by 5pm on the Tuesday that is payroll week. 2. Enter Time bank taken into Time bank spreadsheet after payroll is done. 3. Transmit 401k through CMC Interactive website on the Friday of the payroll. 4. Transmit 401K Through Charles Schwab (after transmitting through CMC interactive). 5. Update 401k spreadsheets for FY Financials. 6. Enter payroll journal entries into QuickBooks – Payroll J/E Vacation J/E Class Allocation 401k 7. Enter Invoices into Burn Rates spreadsheets. 8. Check Burn Rate spreadsheets to make sure there is enough funding 9. Update FY Time bank spreadsheet for FY Financial Reports. Accounting Principles Indirect Cost – Any cost that cannot...
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