Payroll System Essay

CHAPTER 7 Transaction No. 11 |FEDERAL DEPOSIT INFORMATION WORKSHEET | | | | |Employer | | |Identification Number 31-0450660 |Name Glo-Brite Paint Company | |Month Tax Year Ends 12 |Amount of Deposit 6443.08 | |Type of Tax (Form) 941

Employees, whether paid or not. Database design takes into account the current needs of the organization, but also

The steps designated in the Work Breakdown structure were given in five different steps. First, assessing the hardware needs of the new HRIS software. Second, obtaining the required hardware and installing the new software onto it. Third, moving all employee data and records from the old HR databases to the new, more robust HRIS system. Fourth and fifth are very similar, training for both Managers and employees in the two new systems of records, HRIS and payroll.

The chances of failures can be decreased by executing the checks on the systems. These keep an eye on the systems preventing risks from occurring, and these checks are avoided as the interior controls. The motivation behind the inner controls is to keep the organization safe from risks associated with the modernized accounting-system risks. Organizations change their manual accounting systems to computerized accounting systems for different reasons, this incorporates the points of interest, and the explanation behind utilizing electronic accounting information is instinct. The organizations embrace the policies of their

11 Carson, Fran M. 12 Wilson, William A. 13 Utley, Harry T. 21 Fife, Lawrence R. 22 Smith, Lucy K. 31 Fay,

Difficulty in managing and recording of information on work schedule, hours worked units of pay, deductions and leave of absences, distribution of exact amount of wages and salaries in manual payroll

There are several stakeholders at Riordan Manufacturing to gather requirements from to provide a clear picture of the final project. The first stakeholder to gain input would come from the Chief Operations Officer, he was the requestor of the system upgrade, is responsible for the budget, which includes payroll. The Chief Legal Officer oversees the legal aspects of the human resources programs. The individual human resources managers within the individual facilities are the stakeholders who recruit and handle benefits for employees. Each facility has an accountant that oversees payroll and bonuses as well as the payroll specialist (Apollo, 2011).

Each phase of the project will be completed within the time that was given. IF the project team cannot complete each phase on time, the project team will work overtime. Each phase of the project will be tested and a detailed report will be created after each phase is completed. The V.P. of operations will sign off the report when each phase is completed. The individuals that will test during each phase of the project will be several members of the HR department. As soon as the HR System has been tested and finalized, each member of the HR department will be trained to operate the new software that will be added to the upgraded HR System.

Full implementation should be completed in six months. The boundaries are the human resource system. Crossing over into design or inclusion of other departments such as accounting or sales would be out of scope. The business requirements are that the system is to be a single system instead of the multiple tools they are using now. The other business requirement is more vague, only stating that they would like to take advantage of more sophisticated, state-of-the-art technology. Project feasibility is determining if the technical, economical, and operational factors of the project can be accomplished under the schedule given. Technical looks at what hardware and software are available compared to what the requirements of the project are. Economic compares the cost of the overall project to what is budgeted and what can be justified by potential financial returns. Operational factors examine if the system will receive support from the people that use it and make it work (“System Development Life Cycle”, 1998).

Since customer need system for manage their payroll of the company, we have successfully identified

The accomplishments and failure of an entity will be contingent on how successful it utilizes its obtainable assets. In any commendable industry it is significant to delineate corporate aims that are easily dignified, retain the ability to be tracked, and take the required time workings to strive for. Operative organizational goals oblige various purposes; such as tracking the number of hired or termed employees, conducting a tracking management survey system for all termed employees, calculating total billing, or weighing sales commissions; through implementing a logical perceptive to improve discernment into the arrangement of the occupational tactic and calculated development.

A staffing system for a job in which no measures are used would be virtually impossible. Measurement is the key in staffing organizations, as it is a method used for assessing aspects within the organization. A system without methods would have no efficient method for determining a framework in the process of selection.

Companies are devising means of outsourcing payment set ups because of their employees. The Payroll companies are skilled in this perspective, having the capacity for processing payrolls better. Furthermore, using the services of the right payroll company can go quite a distance in saving the business a large amount of money in the proper execution of selecting the services of in-house staff to undertake the task. Things to consider whenever choosing a payroll provider include:

Most of the Bury Payplan clients choosing BACS payment method and some of our clients are interested to pay their employees via Cheque. To ensure on time processing and output delivery NGA have implemented a schedule which is known as Master Schedule. Which consist of Name and reference of payrolls, Frequency of payrolls, Pay Method, Pay date, Payroll Input due date, Preview Date, Preview cutoff date, Payroll Final report due date , BACS submission date and current status of payroll(Process pending, processing, processed, audit pending, auditing, audited, input awaiting, query to client). NGA give different colours for each payroll status this help NGA to identify the payroll status easily. To ensure on time processing of BACS NGA create another spread sheet called BACS control sheet for BACS clients, which includes BACS transmission date, BACS processing date and pay date. Both the schedule help NGA to process the payroll and pay the employees on time and this ensure 100% Turn Around Time (TAT) for all payrolls. NGA sending each client’s forthcoming period’s schedule along with their payroll output therefore our clients also aware about their schedule for each pay period. NGA reduce the number of errors and TAT miss by implementing master schedule and

Information systems changed forever the way accounting tasks are processed. The days of green paper pads are gone, and instead businesses have a centralized place where all accounting transactions are entered and saved. No more looking for paper