Payroll management Ppt

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Information about Payroll management Ppt
Business & Mgmt

Published on December 16, 2013

Author: Sanvels_Consulting_Services_I_Pvt_Ltd

Source: slideshare.net

Description

Payroll management Ppt describes about the payroll management of the small and large business Sectors

PAYROLL MANAGEMENT Sanvels Consulting Services I Pvt. Ltd.

INTRODUCTION Payroll Management System is basically used to build an application program, that a company uses to manage the records of the employees working in the company. Only the administration has the legal rights to work with the system. Employees can only log on to the system to see their current status. www.sanvelsinfo.com Click

PAYROLL SYSTEM IS USED TO : • Create records • Delete records • Save records for employees according to their information given to the administration of the company. www.sanvelsinfo.com Click

PROJECT OBJECTIVES • To improve efficiency of company’s administration. • To store up-to-date information of the employees. • To make the employees understand the rules of the company. • To reduce extra cost for the security of the database. www.sanvelsinfo.com Click

TECHNICAL ISSUES • How the program saves data? • How errors are detected and how the error messages are to be displayed? • What happens when we try to overwrite the data? • Is the software user-friendly? www.sanvelsinfo.com Click

PROJECT DESCRIPTION The term payroll encompasses every employee who receives a regular wage or other compensation. The different payment methods are calculated by a payroll specialist and the appropriate paychecks are issued . After a payroll accountant multiplies an employee’s hours by his/her pay rate, the gross income amount is entered into a computer program… www.sanvelsinfo.com Click

• Regular deductions such as tax withholdings, medical insurance etc. are then categorized and subtracted. The remaining balance is then converted to a check and becomes the employee’s net pay for that time period. • Setting up an effective payroll system is not difficult for trained professionals, but it can be very time consuming. www.sanvelsinfo.com Click

• A payroll system involves everything that has to do with the payment of employees and the filing of employment taxes, keeping track of hours, calculating salary, printing and delivering checks etc. • • • • • • • Few of the possible deductions are:Health insurance Vacation days Sick days Employee loans Child support payments Workman’s compensation www.sanvelsinfo.com Click

THE MOST IMPORTANT MODULES OF THE DESIGN ARE : • Employee data • Payroll records • Rates • For the employee data module, one has to keep track of the id no., name, pension plan agreement and payroll of an employee. www.sanvelsinfo.com Click

CHOOSING A PAYROLL SYSTEM It becomes difficult to find out the payroll system you specifically require. The criteria that help one to do so are as follows:• Security • Compatibility • Credibility • Flexibility www.sanvelsinfo.com Click

Software required The Payroll can be managed using the Java, Ms Access and some other Platforms. Many payroll management software are available in the market to make the administration to maintain the Payroll of its employees at a very faster phase. The management can buy those software or create one such for it easy use.. Sanvels Consulting services Provide you such Payroll software at affordable cost.. www.sanvelsinfo.com Click

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