The document discusses the important role of a company's payroll department. The payroll department processes employee salaries and wages based on data from the personnel department about attendance, leaves, and shifts. It works with the accounts department to deposit payments and generates pay sheets, pay slips, and checks for employees. The personnel department tracks employee attendance and leave information that payroll uses to calculate salaries.
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1. PAYROLL SYSTEM(APPROVED SYNOPSIS)Pay processing is an important part of every organizations functioning. The payroll department interacts with every department and employee of the organization. It deals with the processing of the salaries and wages of the employees and hence plays an important role in the organizationPayroll receives an input all the data from Personnel department regarding attendance, leaves, shift, etc., and processes the salaries of the employees based on these details. It then asks the accounts department to make the necessary deposits on behalf of the employees and generates the pay sheets, pay slips, cheques etc.Personnel and Administration plays an important role in the working of an organization. It keeps track of the attendance and leaves taken by the employees according to which their salaries are processed.The organization is visualised as having a plant unit and a bank-office where all clerical work are carried-out.
2. Factors involved in Payroll :The Payroll department of an organization maintains a record of :-The assignmentThe department employee work forc) The monetary reimbursements of the employeesPayrollAllowancesDeductions