What are the advantages and disadvantages of e cheques?

Answer 1

they are good

Answer 2

Advantages of Computerized Payroll System are:

1. Highest level of control over payroll issues

2. Assure accuracy in data

3. Reduce confusion

4. Facilitate data analysis and decisions based on data

5. Assure consistency of data that is used for multiple purposes

6. Reduce errors and the time needed to correct data

7. Reduce perceptions that employees are treated differently and/or unfairly from between and among universities

8

Disadvantages of Computerized Payroll System are:

1. Requires staff expertise in multiple areas

2. Greater opportunity for error

3. Actual cost is often higher than expected due to additional man-hours invested in payroll-tax preparation and filing

4. Often more costly than internal management or Payroll Services

5. May take more time to prepare payroll documents than payroll service providers

6. Restricted opportunities to make adjustments to payroll amounts