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Data Collection Methods


imageData Collection Methods In most cases, a company's total direct labor cost is not so high that it warrants the creation of an elaborate data collection system. Instead, you can either focus on a simple system that collects only the most ... [full story]


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The Need for Time Tracking


imageThe Need for Time Tracking Three types of costs are incurred by any organization: direct materials, overhead, and direct labor. Historically, the largest of these three types of cost was either direct materials or labor. This necessitated the creation of elaborate ... [full story]


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In the Real World: Problems with Centralized Payroll Records


imageIn the Real World: Problems with Centralized Payroll Records A printing company decided to conduct an industry "rollup," whereby it purchased a number of small regional printing plants around the country. As a cost-saving measure, the human resources files of ... [full story]


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Creating the Personnel File


imageCreating the Personnel File Creating the Personnel File When a new employee starts work, either the human resources or payroll staff should create a personnel folder in which all employee-related documents are stored. This folder should be capable of holding several hundred ... [full story]


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Setting Up the New Employee


imageSetting Up the New Employee When a new employee is hired, the human resources staff will go over a variety of paperwork with the person, and forward to the payroll department any items required by the payroll staff to calculate the ... [full story]


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Overview of the In-House Manual Payroll Process


imageOverview of the In-House Manual Payroll Process An increasingly rarely used payroll system is the completely manual approach that precludes all use of payroll suppliers or in-house computer systems. This type of system is most commonly found in very small organizations ... [full story]


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Overview of the In-House Computerized Payroll Process


imageOverview of the In-House Computerized Payroll Process A payroll system that is just as popular as outsourcing is the in-house computerized system. Payroll software is very inexpensive, as it is now bundled with accounting software that costs just a few hundred ... [full story]


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Overview of the Outsourced Payroll Process


imageOverview of the Outsourced Payroll Process Outsourcing the payroll processing function shifts a number of key payroll processing tasks to a supplier, resulting in a significant drop in the payroll department's workload, its required level of expertise in operating computer software, ... [full story]


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Overview of the General Payroll Process


imageOverview of the General Payroll Process The next three sections describe how the payroll process flows for specific types of systems: outsourced payroll, in-house computerized payroll, and in-house manual payroll. This section covers, step by step, the general beginning-to-end processing of ... [full story]



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