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Payroll consists of the process by which a business pays its employees for
work performed during a specific period. 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. The payroll
process typically includes calculating employee pay, recording payroll transactions
and determining and paying payroll taxes. A company must have in place a
timekeeping system that accurately reflects the hours put in by nonexempt
employees as well as the regular salary payments for exempt workers. Employers
typically withhold federal income tax from employee earnings; at the end of the
year, they must report all wages, tips and other compensation paid. Companies
also must with hold Social Security and Medicare contributions from employees
wages and pay a matching amount.
We are a computer science student at Asian Institute Of Computer
Studies, We are tasked to build a Computerized payroll system to replace the
manual computation of their payroll. GreatToysOnline.com needs a system to
allow employees to record
electronically and
Therefore, payroll can be done with the guide of the program. The system
is good in for its specialty in the fields of accounting. It is easy to use, effective
and efficient in organizing and calculating the payroll. In addition, this study aims
to develop a reliable and manageable computerized payroll system for
GreatToysOnline.com for a better manageable of a business. The Proposed
Computerized Payroll System will give a big relief of the employee and
employers as well. One of the most requested features of the new system is
employee reporting. Employees will be able to query the system for number of
hours worked. The reporting feature will be available through the desktop.
THEORETICAL FRAMEWORK
Feedback
Figure 1.0
As shown in Figure 1.0 the input shows what possible input that a user may
apply in our proposed system, next is the process which represent the following
process that the proposed system may perform, last is the output which represent
the following output that the proposed system may produce.
CONCEPTUAL FRAMEWORK
Conceptual framework is used to represent what following operations and
processes that is possible to encounter when using our proposed system, since
the proposed system is a computerized payroll system the proponents prepare this
framework to show the components that a computerized payroll actually possess,
not exactly as it is but possible.
Figure 2.0
DEFINITION OF TERMS
Client
A person that can receive services from the employees and agents.
Company
A business enterprise firm.
Computer System
The configuration that includes all functional components of
computer and its associated hardware or software.
Database
An integrated collection of data which provides a more efficient way
of storage and retrieval of data and is capable of processing large portions
of data immediately.
Employee
A person employed at a wage or salary.
File
A receptacle that keeps loose objects such as papers or any
collection of items.
Information
Is data that has been changed into a useful form of output.
Payroll System
A payroll system is a computerized technique that is used to
calculate the sum of salaries employees who need to be paid in an
organization. The name, address, Social Security number and the bank
account numbers are the key elements in a payroll system. This method
saves time.
Process
A series of actions, changes, of functions that bring about an end or
a result.
Record
A document that contains an account particularly in terms of
collection.
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Services
Non-monetary programs provided by companies that benefits
clients.
Software
A computer terminology use to describe the unseen programming
codes and running application inside the computer system.
System
A set of related components that produces specific results.
Technology
It is the study of practical or industrial arts.