Payroll System Essay

A.)Introduction: Business are arising in all the sides of the globe. Man power are very much well present in every business there is. This project allows the speed up the process of calculating payrolls with the capability of generating reports. B.) Problem definition In today’s world. The bigger the company, the higher the possibility that the calculations of salaries to employees would be a great disaster to the company itself. The system has the capability of doing calculation with major vast of people which is hard to monitor. It speeds up the calculation of payrolls for the employees, insuring that the payment are both accurate and precise. One of the major problem that the system could not do is to render the specific time for every transaction of employees in each company. C.) Objectives of the study The main goal is to give the system that can provide and enhance their existing system in order for them to accurately monitor the attendance of each employee and to minimize their workloads with regards on computing salaries loan and cash advances. D.) Terms of references of the study By giving this fee services. The company has to give us full access to the system that the company uses or the data’s concerning the employees and their backgrounds. In return, the system that we’ll provide would be free of charge. This is for research purposes. E.)Expected Benefit Payroll System is the heart of any human resource system of an organization. The solution has to take care of the calculation of salary as per rules of the company. In this study we used to developed computer based payroll system to improve a faster, easier and reliable of way of payroll. It helps the staff of the company for easy filing and conducting their finance share in every employee, clerk and maintenance of their company. Payroll system can be used to speed up the process of calculating pay, ensuring that payments are both accurate and precise. They save you the burden of learning and understanding complex payroll legislation. Trouble free payroll processing is a critical need of any business. Payroll software completes payroll calculations within a fraction of the time it would take to do them manually. Another huge advantage of running payroll software over a manual process is in the reporting, most systems allow, weekly, month and annually required reports to be run at the press of a button. It possible with a lot of payroll software to integrate with your time sheet systems that record employee attendance or time worked. It a simple way for information about employee hours worked to be transferred into the payroll system removing yet another layer of manual processing. System Proposal Payroll system is used to maintain a list of employee’s names, addresses and employment information and used to interactively calculate and print payroll check. The proponents main goal to give the school the system that can provide and enhance their existing system in order for them to accurately monitor the attendance of each employee. Employee’s hours are entered and distributed to appropriate department. Annualized tax tables are then used to automatically compute deductions before the check is printed on bank stock. Monthly and quarterly reports are used to prepare tax filings, and provide analytical information. It help the owner to correct the flaws in terms of computing the employee’s salary by computing it right after the day. First the system will ask the employee to enter your employees no. and password. If your name and password does not match the employees that is stored to the database the system will display a message box, but if the employees and password match the database a message box will appear telling â€Å" Welcome!†. Secondly, this system can add employee. View and compute their salary and produce their pay slip. Can view the personal information about the employees. FEASIBILITY STUDY An employer uses a payroll system to process its payroll. Payroll cannot be processed without payroll system because with the use of this system, it can minimize the work of an employer. A payroll system allows the employer to pay employees on time and accurately, then comply with other regulations. It can make the employer to be easily get the information of all the employee and so that the calculation of the salary of each employee will be computed right. The proponents main goal to give the school the system that can provide and enhance their existing system in order for them to accurately monitor the attendance of each employee. And for the admin staff to lessen their workloads with regards on computing salaries loan and Feasibility Study 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.