Thesis Payroll System Documentation

Thesis Payroll System Documentation-60

IDENTIFYING PROBLEM, OPPURTUNITIES AND OBJECTIVE 3.4.2. Chapter 1: Introduction 1.1 About the Study GJ Kids Group is an experienced global chemical distributor that provides creative and innovative sourcing solutions, quality raw materials and product alternatives to industry manufacturers in the Philippines.Their sources of supply include both domestic and foreign producers.

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A payroll system allows businesses to follow a set series of processes in order to make timely, correct payments in compliance with government regulations.

A payroll system may be manual or computerized and handled in-house or outsourced to another provider.

Some smaller businesses conduct their payroll using a manual system.

While inexpensive, this method may increase the chances of errors and could prove time-consuming for companies with more than a few employees.

The solution has to take care of calculation of salary as per rules of the Company.

This Payroll System is a full-featured system that manages financial information of every employee in an organization.

An employer uses a payroll system to process its payroll.

Consequently, payroll cannot be processed without a payroll system.

You will need to calculate the taxes, and any other appropriate reduction in addition to the actual earnings per employee.

The advantage of using a manual system is that it is very cheap process, with virtually no start-up costs.


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