Professional Documents
Culture Documents
HR MANAGERS
1. Segregation of duties
2. Direct deposit of payroll
3. Check for duplicate names, address, and social
*TWO DATA FLOWS THAT ENTER PAYROLL PROCESS security numbers in the employee data
FROM DEPARTMENTAL MANAGERS AND 4. Compare actual to budgeted payroll
SUPERVISORS*
Input Validity
Input Completeness
Input Accuracy
Electronic time management system- computer-
based system that captures, stores, and reports time. Update Completeness
Update Accuracy
Payroll direct deposit system- employee’s net pay is
sent electronically through the banking system and *RECOMMENDED CONTROL PLANS*
deposited directly to the employee’s bank account. 1. Enter time data close to the originating source
Payroll service bureau- a company that specializes in 2. Approve attendance time data and job time
rendering payroll services to client companies for a data
fee. 3. Reconcile attendance time data and job time
data
*Payroll system does the following: 4. Independent paycheck distribution
5. Use a payroll clearing account- separate bank
1. Update the employee/payroll master data and account used solely for payroll purposes.
distributes labor cost 6. Use an imprest payroll bank account- the
2. Prepares the employee paychecks and sends fund is reimbursed for the exact amount of
the payments to bank for deposit into the disbursements made from the fund
employee accounts.
3. Prepares various outputs, including the
employee pay stubs that are posted to the HR
portal
4. Sends the payroll register to the accounts
payable department where a disbursement
voucher is prepared.
*CHAPTER 15* Objectives of CAD/CAE:
Computer-aided manufacturing
(CAM)- application of computer and
communications technology to
improve productivity by linking
computer numerical control machines,
monitoring production and providing
automatic feedback to control
operations