There are quite a few advantages and disadvantages of the payroll system. One advantage is that this is a recorded source.
The disadvantages of a manual payroll system would include the need for more time to complete payroll reports and payments. Another disadvantages of a manual payroll system would be to incur the cost of an accountant to assist with the job duties.
The primary disadvantage of a computerized payroll system is human error. A computer is only as good as the person inputting the information.
An advantage of a computerized payroll system is that the computer figures out the tax deductions. Another advantage is that, once the employee information is entered, you just have to enter the hours worked each week.
The biggest disadvantage of a payroll system is that the employees will have to pay taxes on the income. The company will have to send the employee a tax document for the year so that the employee can accurately file their taxes.
a manual payroll is a system wherein a company computes payroll manually.It is a state where the human resource or the manager doesn't need any computer while the computerized payroll system is a system wherein a certain company uses a computer or a program for payroll to calculate the payroll easily. Computerized payroll system can help for the accounting department to work easily.
The disadvantages of a manual payroll system would include the need for more time to complete payroll reports and payments. Another disadvantages of a manual payroll system would be to incur the cost of an accountant to assist with the job duties.
The primary disadvantage of a computerized payroll system is human error. A computer is only as good as the person inputting the information.
An advantage of a computerized payroll system is that the computer figures out the tax deductions. Another advantage is that, once the employee information is entered, you just have to enter the hours worked each week.
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The biggest disadvantage of a payroll system is that the employees will have to pay taxes on the income. The company will have to send the employee a tax document for the year so that the employee can accurately file their taxes.
There are several advantages and disadvantages of having a real time operating system. One disadvantage is unseen errors, an advantage is timing.
what are the advantages and disadvantages of payroll? Payroll makes things easy for both employer and employee. Specially it makes calculation much easier like tax, insurance and helps to plan for future costs.
a manual payroll is a system wherein a company computes payroll manually.It is a state where the human resource or the manager doesn't need any computer while the computerized payroll system is a system wherein a certain company uses a computer or a program for payroll to calculate the payroll easily. Computerized payroll system can help for the accounting department to work easily.
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