ACC 315 Project One - Alexa Kroner
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Southern New Hampshire University *
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315
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Accounting
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Jun 11, 2024
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Payroll Onboardin
g Analysis
ALEXA KRONER
Overview
“Employee Onboarding is the process of establishing new employees in the company’s systems and helping them quickly adapt to their positions” (Savage et al, 2022). o
This process includes:
o
Human Resource Dept
o
Payroll/Accounting Dept
o
Department Manager of newly hired employee o
Begins when the job offer is made and continues through the new employee’s first days to month.
o
Onboarding is more than just an administrative process, though the accounting department focuses on and ensures that information is accurately entered into all information systems
o
Encompassing introductions with the new employee’s team and company culture is considered to be a best practice in the onboarding process
Illustrate
Process
o
Reviews new hire payroll information and sends to payroll administrator
o
Payroll administrator enters information and creates employee file in payroll information system, such as ADP o
Reviews employee’s selected benefits and sends to payroll administrator
o
Payroll admin inputs selected benefits and deductions in information system
o
Payroll onboarding process functions and integration information system:
o
Compliance and reporting
o
Time and attendance
o
Payment processing, including taxes and deductions
o
Auditing and reporting controls
Inputs and Outputs
Inputs
o
Employee information
o
Employment details
o
Compensation information/details
o
Tax and Deduction information (W4, Benefits, etc.)
o
Banking information for direct deposit
Outputs
o
Payroll registers/reports
o
Pay statement information
o
Banking details confirmation
o
Tax payments and forms
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Related Questions
K
ces
There are two basic activities in the HR Department. The first is employee maintenance (payroll administration, benefits, and so on),
which is an ongoing activity and requires the same amount of work for each employee regardless of the employee's salary. The
second, called turnover, handles new and departing employees, including all records and orientations (for new employees) and
assurance of procedural integrity (for all departures). Virtually all of this activity occurs when employees are hired or leave the
company.
Assorted data for Exeter for the most recent year follow:
Retail
17,660
720
Number of employees (average)
Employees hired/leaving
The HR Department incurred the following costs during the same year.
Employee maintenance
Turnover
Total
Required A Required B
$ 4,280,000
4,720,000
$ 9,000,000
Required:
a. Under the current allocation system, what are the costs that will be allocated from HR to Retail Division? To Online Division?
b. Suppose the company implements an…
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Prepare a data flow diagram that reflects the activites presented in the payroll process outlined in Problem 3.
arrow_forward
Payroll Process
Since payroll is one of the largest company expenditures, there are risks and controls in the payroll process the company must maintain and keep in mind.
Research Bloomberg Market Sectors Links to an external site.to select a company of your own choice. Compare their performance to the industry's performance.
Select two internal payroll controls discussed in your textbook, located in Chapter 10.
How did the company you researched compare to the industry in maintaining its payroll process, based on the AIS framework?
arrow_forward
Task 2- Service providers1. Based on the company scenario provided above, research the suitability of at least four payroll software products, from different providers, for processing your payroll in-house. Next research the suitability of at least four payroll service providers if you were to consider outsourcing your payroll. You are required to provide a short summary of the providers you have suggested.
2. Research and explain the different payroll lifecycle and software packages selected for two different organisations, one processing payroll for 20,000 employees and another processing payroll for 200 employees, both having a monthly pay frequency. (i) Explain your decision and an estimation of the costs relating to monetary value and time?● Include in your response to this task how you would manage the provider/customer and other stakeholder relationships necessary to influence successful payroll outcomes including delivery, customer care and enquiry handling. Identify the risks…
arrow_forward
In a payroll processing DFD, the "prepare reports" activity will be represented by
will be represented by
, and the "management" will be represented by
O a circle; two horizontal lines; two horizontal lines
O a square; two horizontal lines; a circle
O a circle; two horizontal lines; a square
O a rectangle; a square; a circle
the "employee payroll file"
arrow_forward
Figure 2-4 in the text illustrates how a customerorder is transformed into a source document, a productdocument, and a turnaround document. Developa similar flowchart for the process of paying hourlyemployees.The Process: Supervisors collect time sheets fromemployees, review them for correctness, and submitthem to payroll where payroll checks are preparedand sent to the employees. In addition a summaryreport of total payroll charges is sent to each departmentmanager, who reviews it for correctness, signsthe report, and returns it to the payroll departmentto be files.
arrow_forward
In this section, you are asked to review and comment on the one of the business
cycles provided. Complete steps 1 and 2 prior to preparing your response:
1. Choose from one of the following cycles: Payroll or Purchasing.
2. Review the list of main activities in the cycle you chose (a summary of main
activities is listed for each cycle) from the table below.
Payroll Activities
1. Hiring Employees
2. Authorizing Payroll
Changes
Purchasing Activities
1. Requisitioning goods and services
2. Preparing purchase orders
arrow_forward
Automated Application Controls: Input Controls. In its automated processing systemover payroll transactions, Brady Company enters the following data from its employees’attendance records (# corresponds to a numeric field; A corresponds to an alphabetic field):∙ Employee number (##-#-##, the employees’ Social Security number).∙ Entity division (AA#, an alphanumeric field containing two letters corresponding to thelocation of the employee and two numbers corresponding to that employees’ supervisor).∙ Hours worked (##.#, a weekly total of hours worked in 0.25-hour increments).After data entry, these data are processed against the information maintained in thatemployee’s master file record. The records are accessed based on employee number. If theemployee is an hourly employee, the number of hours worked is multiplied by the pay rate; ifa salaried employee, the hours worked are checked against a range of acceptable hours. Afterthe gross pay is determined, information in the master file…
arrow_forward
Question 1
For each of the following records, indicate the appropriate related file structure: master file, transaction file, reference file, or archive file
customer ledgers
sales orders
vendor ledgers
hours each employee has worked during the current pay period.
Tax tables.
arrow_forward
1-The recruitment process frequently begins when the department manager
interviews.
administers employment tests.
initiates an employee requisition.
fires an employee.
arrow_forward
Discussion points:As a plant employee, what is your responsibility to report your findings to superiors?Should you attempt to determine if the redundancy is justified? Explain.What is your responsibility to the employees whose jobs will likely be lost because of your report?What facts should you consider before making your decision to report or not?
(Chapter 17 Ethics Challenge BTN 17-3, Financial & Managerial Accounting: Information for Decisions; Wild, Shaw, and Chiapetta, 7th edition, McGraw-Hill )
I do not really understand this at all. Do you have access to this course material and could help me learn this so i know?
arrow_forward
Answer multi choice question in photo please
arrow_forward
8-How are the numbers and kinds of employees the organization will need at future dates in order for the firm to realize its stated objectives determined?
Requirements forecast
Availability forecast
Organizational analysis
Job analysis
arrow_forward
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Related Questions
- K ces There are two basic activities in the HR Department. The first is employee maintenance (payroll administration, benefits, and so on), which is an ongoing activity and requires the same amount of work for each employee regardless of the employee's salary. The second, called turnover, handles new and departing employees, including all records and orientations (for new employees) and assurance of procedural integrity (for all departures). Virtually all of this activity occurs when employees are hired or leave the company. Assorted data for Exeter for the most recent year follow: Retail 17,660 720 Number of employees (average) Employees hired/leaving The HR Department incurred the following costs during the same year. Employee maintenance Turnover Total Required A Required B $ 4,280,000 4,720,000 $ 9,000,000 Required: a. Under the current allocation system, what are the costs that will be allocated from HR to Retail Division? To Online Division? b. Suppose the company implements an…arrow_forwardPrepare a data flow diagram that reflects the activites presented in the payroll process outlined in Problem 3.arrow_forwardPayroll Process Since payroll is one of the largest company expenditures, there are risks and controls in the payroll process the company must maintain and keep in mind. Research Bloomberg Market Sectors Links to an external site.to select a company of your own choice. Compare their performance to the industry's performance. Select two internal payroll controls discussed in your textbook, located in Chapter 10. How did the company you researched compare to the industry in maintaining its payroll process, based on the AIS framework?arrow_forward
- Task 2- Service providers1. Based on the company scenario provided above, research the suitability of at least four payroll software products, from different providers, for processing your payroll in-house. Next research the suitability of at least four payroll service providers if you were to consider outsourcing your payroll. You are required to provide a short summary of the providers you have suggested. 2. Research and explain the different payroll lifecycle and software packages selected for two different organisations, one processing payroll for 20,000 employees and another processing payroll for 200 employees, both having a monthly pay frequency. (i) Explain your decision and an estimation of the costs relating to monetary value and time?● Include in your response to this task how you would manage the provider/customer and other stakeholder relationships necessary to influence successful payroll outcomes including delivery, customer care and enquiry handling. Identify the risks…arrow_forwardIn a payroll processing DFD, the "prepare reports" activity will be represented by will be represented by , and the "management" will be represented by O a circle; two horizontal lines; two horizontal lines O a square; two horizontal lines; a circle O a circle; two horizontal lines; a square O a rectangle; a square; a circle the "employee payroll file"arrow_forwardFigure 2-4 in the text illustrates how a customerorder is transformed into a source document, a productdocument, and a turnaround document. Developa similar flowchart for the process of paying hourlyemployees.The Process: Supervisors collect time sheets fromemployees, review them for correctness, and submitthem to payroll where payroll checks are preparedand sent to the employees. In addition a summaryreport of total payroll charges is sent to each departmentmanager, who reviews it for correctness, signsthe report, and returns it to the payroll departmentto be files.arrow_forward
- In this section, you are asked to review and comment on the one of the business cycles provided. Complete steps 1 and 2 prior to preparing your response: 1. Choose from one of the following cycles: Payroll or Purchasing. 2. Review the list of main activities in the cycle you chose (a summary of main activities is listed for each cycle) from the table below. Payroll Activities 1. Hiring Employees 2. Authorizing Payroll Changes Purchasing Activities 1. Requisitioning goods and services 2. Preparing purchase ordersarrow_forwardAutomated Application Controls: Input Controls. In its automated processing systemover payroll transactions, Brady Company enters the following data from its employees’attendance records (# corresponds to a numeric field; A corresponds to an alphabetic field):∙ Employee number (##-#-##, the employees’ Social Security number).∙ Entity division (AA#, an alphanumeric field containing two letters corresponding to thelocation of the employee and two numbers corresponding to that employees’ supervisor).∙ Hours worked (##.#, a weekly total of hours worked in 0.25-hour increments).After data entry, these data are processed against the information maintained in thatemployee’s master file record. The records are accessed based on employee number. If theemployee is an hourly employee, the number of hours worked is multiplied by the pay rate; ifa salaried employee, the hours worked are checked against a range of acceptable hours. Afterthe gross pay is determined, information in the master file…arrow_forwardQuestion 1 For each of the following records, indicate the appropriate related file structure: master file, transaction file, reference file, or archive file customer ledgers sales orders vendor ledgers hours each employee has worked during the current pay period. Tax tables.arrow_forward
- 1-The recruitment process frequently begins when the department manager interviews. administers employment tests. initiates an employee requisition. fires an employee.arrow_forwardDiscussion points:As a plant employee, what is your responsibility to report your findings to superiors?Should you attempt to determine if the redundancy is justified? Explain.What is your responsibility to the employees whose jobs will likely be lost because of your report?What facts should you consider before making your decision to report or not? (Chapter 17 Ethics Challenge BTN 17-3, Financial & Managerial Accounting: Information for Decisions; Wild, Shaw, and Chiapetta, 7th edition, McGraw-Hill ) I do not really understand this at all. Do you have access to this course material and could help me learn this so i know?arrow_forwardAnswer multi choice question in photo pleasearrow_forward
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