Monday, February 25, 2019
Payroll Case Essay
Kudler Fine Foods uses a biometric time outline which requires the fashion of time clocks to monitor the time employees engaged in turn tail responsibilities. The method requires the use of a finger touch pad to learn the numerous time punches made by the employee. The employees information is entered upon hired into the attach tos payroll governance. Based on the numerous time punches made, the system of rules evaluates the employees work hours and computes the employees salary. The computation for employee salary includes regular time, overtime time, bonuses, holiday pay, holiday pay, etc. and both federal and state deductions as well as other government deductions and individual benefit deductions such as 401(k) contributions to the employees salary (Apollo Group Inc., 2013).Although, this is an effective method to monitor employee work hours and vie payroll, the companys current system is not directly cerebrate amongst the three operating subsidiaries. The purchase of a n industry-specific computer software can help conflate the flow of information from the three locations by establishing an effective method of save all of the data and feeding the database. This could prove to be cost-effective considering the write down associated with the development of a customized software. However, some modifications may be required for an industry-specific software in order to suit the companys demands. The idea is to mix the three subsidiaries and create a better way of obtaining information and storing data.The system may require a modification to how employee hours are recorded gibe to the softwares specifications. The process will should remain similar to Kudlers Fine Foods existing procedure requiring the need to store personal information such as exemptions and other personal data for taxing purposes. The system will maintain employee records and any update made to those records. The employee personnel liable for administrating payroll can view t his information via the integrated system and harbour adjustments if necessary using proper clearance by a penis of management. This system will add value by improving the authorization of flow of data and by ensuring that there is sufficient evidence to allow payroll computations amongst the subsidiary stores.ReferencesApollo Group Inc., (2007, 2010, 2011, 2013). Kudler Fine Foods. Finance & explanation Accounting System Overview. Retrieved on February 11, 2013 from the University of Phoenix.
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