CHAPTER ONE 1.0 INTRODUCTION 1.1 BACKGROUND OF STUDY Prompt payment of staff salaries by management of an organization boosts the morale of staffs and enhances productivity. Manual preparation of staff’s salaries is often associated with lots of problems‚ which often time disrupt the morale of workers. The problems ranges from arithmetic error in computation‚ delay in payment‚ underpayment or overpayment and so on. In this project work‚ automated system shall
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An employer uses a payroll system to process its payroll. Consequently‚ payroll cannot be processed without a payroll system. A payroll system allows the employer to pay employees on time and accurately‚ plus comply with other statutory regulations. Employers with non-exempt workers‚ those not exempt from overtime pay‚ therefore must keep a record of hours worked for each employee. Any timekeeping system is fine‚ but it should be accurate‚ complete and compatible with the payroll system being used
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Chapter 1-THE PROBLEM AND A REVIEW OF RELATED LITERATURE Project Context As Computer technology nowadays‚ changes at such time‚ many businesses factors try to cope up by upgrading computer system constantly in order to stay competitive. The multifunction 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
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CHAPTER I INTRODUCTION 1 Background Of The Study Processing payroll can be one of the most complex tasks facing a company. Aside from simply paying employees‚ companies will need to file taxes‚ submit reports and process year-end data for tax-reporting purposes. These problems are being encountered by several companies. The manual payroll system they are currently using calculates the payroll for each pay period entirely on paper. They will need to calculate taxes‚ over time‚ under time and any
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CHAPTER 1 INTRODUCTION Background of the Study Computer Technology has been utilized tremendously. It is faced with sophisticated techniques and people’s demand. It has helped them to scope up with the changing time and speed up work in order to be competitive with the rest of the world. Computers as a necessity not a luxury provides people an immediate job and quicker output. And because of this‚ business transactions have been computerized and with just a press of key on the computer‚ you will
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Payroll system design System Feasibility Study April 16‚ 2010‚ 8:54 am | | In the field of computer and technology‚ there always an option to automate things likes payroll system‚ inventory system‚ lighting system‚ and sales system. But of course‚ before the automation of any system‚ a feasibility study should be conducted in order to see the benefits of automation over manual system as well as other alternatives. At first‚ you should study the organizational systems such as the users
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CHAPTER 11 Current Liabilities and Payroll Accounting ASSIGNMENT CLASSIFICATION TABLE Brief Exercises 1 A Problems 1A B Problems 1B Study Objectives 1. Explain a current liability‚ and identify the major types of current liabilities. 2. Describe the accounting for notes payable. 3. Explain the accounting for other current liabilities. 4. Explain the financial statement presentation and analysis of current liabilities. 5. Describe the accounting and disclosure requirements for contingent liabilities
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System Proposal: “Automated Payroll System (APS)” MAIN OBJECTIVE: 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. As computer technology changesat 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
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Proposed Computerized Payroll System For City Mayor’s Market Administration Office IT-303 Group no. 6 Chapter I INTRODUCTION Background of the Study Nowadays‚ business establishment or corporation must use modern technologies to make their tasks easier and faster‚ technologies that will help people to solve complex problems. Businesses needs advance system that saves time and also secure. One of the examples is the payroll system. Most company now uses computerized payroll system. A computerized
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CHAPTER I INTRODUCTION Technology plays vital role in innovation. Over the years we have seen technology to evolve like a child burgeons into adulthood. Without technology‚ life would be more difficult than it already is. We are now living in a world which is technologically civilized‚ where almost all human activities involve the use of technology and every person wants to be recognized with a device or gadget which is technically advanced. Nowadays‚ computer serves an important part
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