ACC 315 Project One - Alexa Kroner

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School

Southern New Hampshire University *

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Course

315

Subject

Accounting

Date

Jun 11, 2024

Type

pptx

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13

Uploaded by MinisterNeutronPelican39

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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