Review of Related Literature and Studies

The automatic triggers that could be passively generated by field workers through the new payroll system and its administrative internal value for enhancing Ridgeway’s logistics and field operations.

First, I was deployed to the Finance department, which directly coordinates with my department at Xx-cellent Hardware’s Grenada branch. I was given the task to examine the branch’s payroll preparation system. Upon completion, I concluded that there were little inefficiencies in the systems and it was optimal for company’s use.

Accounting information systems provide the tools to operate and maintain important data related to an organization and interpret the information to develop quality financial reports. The revenue cycle of Riordan Manufacturing reflects sales and the components associated with sales such as inventory, freight, cost of goods sold and accounts receivable, yet this information is not readily available to each facility. Because the forecast for the company is positive and production and wages are expected to increase having source documents available within each branch of the company would improve the efficiency of the organization. Developing a plan to integrate an accounting information system for the

In today's time the accounting and book keeping ranges from the old way of paper and pen to extremely large accounting data base systems for the major companies and organizations around the world; although either system could be used but

Communication software allows different computers to transmit and share their data among one another. Another application software that is used within the information systems is enterprise resource planning software. The enterprise resource planning software allows businesses and government agencies to transmit and share different financial data. When working within a company, the company’s payroll, accounts payable, accounts receivable, and accounting information systems all interact with one another. The company’s payroll, accounts payable, accounts receivable, and accounting information systems all are recorded within the company’s software programs and database. All companies must keep track of their employee payroll, which is maintained and controlled within the information systems. Along with payroll being documented into the company’s information systems what a company is bringing in and owing (accounts receivable and accounts payable) is also recorded and controlled with the company’s information system. The information system has many different software programs that allow the company’s payroll, accounts payable, and accounts receivable to work efficiently with one another. The software programs are set up conveniently to deal with each. In order to make the organization more efficient, I would suggest/recommend to management that they should have biweekly or monthly meetings with employees

Chances are, neither you, nor your employees, are experts in payroll processing. It's an exacting process that takes a great deal of focus and training to do properly. Taking the time to learn about payroll means you'll be taken away from other, more important aspects of your business, such as revenue generation. A payroll processing company, on the other hand, specializes in handling this critical element. They have a vast amount of training and experience, covering all aspects of the process, including employee record keeping, bookkeeping, check printing, and tax withholding.

Oftentimes, it takes many hours of work and manpower to get the job done. In certain cases, effective payroll management is compromised by the lack of an effective system. Most companies may have enough manpower and resources. However, with an effective information technology, managing a payroll will be simpler, cost-effective, timely and reliable.

In the modern business today, there is no more manual accounting. Instead a lot of companies and businesses all over the world are trying to use and adapt by having an accounting system that is computerised, less hassle and fast processing.

Technology consists of society's pool of knowledge concerning the industrial, organizational, and medical arts. It is made up of knowledge concerning physical and social phenomena, knowledge regarding the application of basic principles to work in the relevant fields or professions, and knowledge of the rules of thumb of practitioners and crafts men. Although the distinction between science and technology is imprecise, it is important. Science is aimed at understanding, where as technology is aimed at use. At the outset, it is worth noting that changes in technology often take place as a consequence of inventions that depend on no new scientific principles. Indeed, until the middle of the nineteenth century, there was only a loose connection

Financial information’s are the measurement of the effectiveness and efficiency of operator’s actions, and it’s mainly for the use of external users. However financial information did not reflect the non-financial information such as performances of workers etc. But operators need direct measurement on variables of outputs and inputs resources so they can control the quality of their work. The variables include time requirement relevant process to produce the output. Hence it is important for the operators to enhance their quality, productivity, and time

By the online tracker system the business processes are automatically done and the access of information is easily available

Payroll normally is something that comes as a priority for customers. This kind of issues will be prioritized and handled in a timely manner in order to guarantee an efficient service and customer satisfaction.

According to the text, technology advancements refer to the way accomplish tasks or the processes we use to create the “things”

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

But what are the consequences for the employees ? The new system scheduling time work is totally irregular and unpredictable which may decrease the employee’s job stability and potentially create financial hardships. The result was a computerized system that totally