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Payroll Applications

Payroll Applications. AS Level ICT David Royall The British School - Cairo. What you need to Learn. Understand how ICT is used to: Produce payslips What information goes on to a payslip Identify what Payroll Applications can do Identify Processing methods used in Payroll

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Payroll Applications

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  1. Payroll Applications AS Level ICT David Royall The British School - Cairo

  2. What you need to Learn Understand how ICT is used to: Produce payslips What information goes on to a payslip Identify what Payroll Applications can do Identify Processing methods used in Payroll Identify Financial reports required from payroll

  3. Activity 1 – Data Storage Use a table, as below ,to identify what data would be entered on to each FILE that is used to maintain a businesses payroll system

  4. What’s a Payroll? It is a sum of all financial records in a business of salaries, wages, bonuses and deductions.

  5. What are Payslips?

  6. Activity 3 – Spreadsheet activity Create a spreadsheet of a model payslip noting the following Make sure the payslip has a heading Place the Transactions File data to the left of the payslip Place the Master File data to the left of the payslip Make sure the payslip is: • Dated • Is nicely formatted • Has contact details in the event of a query • Has your name on it as part of a footer If this has been set as a homework, then email to: school@davidroyall.com

  7. Paycheck

  8. Payroll savings program

  9. Payroll cards • A payroll card is a card that allows an employee to access their paycheck by using a card that looks like a bank debit card. • A payroll card can be more convenient than using a check cashier, because it can be used at participating automatic teller machines (ATM) to withdraw cash, or in shops to make purchases. • The payroll card account usually is held as a single account in the employer's name. That account holds the payroll funds for all employees using the payroll card system. Some payroll card programs establish a separate account for each employee, but others do not. • Most payroll cards will charge a fee if used at an ATM more than once per pay period.

  10. Payroll professionals

  11. Warrants

  12. Payroll hardware A simple computer is what is required!

  13. Payroll software

  14. Financial reports Financial reports are formal records of a business' financial activities. These statements provide an overview of a business' profitability and financial condition in both short and long term.

  15. Types of Financial reports

  16. Purpose of financial statements The objective of financial statements is to provide information about the financial strength, performance and changes in financial position of an enterprise that is useful to a wide range of users in making economic decisions. Financial statements should be understandable, relevant, reliable and comparable. The reported assets, liabilities and equity are directly related to an organization's financial position. Reported income and expenses are directly related to an organization's financial performance.

  17. Questions Identify both hardware and software for a Payroll Application needed by a business that employs 20 staff How can e-banking help with Payroll Applications?

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