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  • The Conceptual Payroll System

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    El Carl Sontellinosa
    9 views11 pages
    Payroll procedures differ between employee classes and require special controls for writing checks. The document outlines payroll processing which involves transferring wages payable and contribution amounts from a labor distribution summary to a disbursement voucher to pay employees in cash while deducting appropriate social security, home development, and tax withholdings.

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    asd

    Original Title

    AIS Report

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    Payroll procedures differ between employee classes and require special controls for writing checks. The document outlines payroll processing which involves transferring wages payable and contribution amounts from a labor distribution summary to a disbursement voucher to pay employees in cash while deducting appropriate social security, home development, and tax withholdings.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
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    Download as pptx, pdf, or txt
    9 views11 pages

    The Conceptual Payroll System

    Uploaded by

    El Carl Sontellinosa
    Payroll procedures differ between employee classes and require special controls for writing checks. The document outlines payroll processing which involves transferring wages payable and contribution amounts from a labor distribution summary to a disbursement voucher to pay employees in cash while deducting appropriate social security, home development, and tax withholdings.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    of 11

    The Conceptual Payroll System

    Payroll Processing

    1.
    2.

    3.

    Payroll Procedures differ greatly among classes of employees. General Expenditure activities constitute a relatively steady stream of purchasing and disbursing transactions. Writing checks to employees require special controls.

    FROM THE LABOR DISTRIBUTION SUMMARY


    Work-in-Process (Direct Labor) Factory Overhead (Indirect Labor) Wages Payable FROM DISBURSEMENT VOUCHER Wages Payable Cash SSS Contribution Payable PAG-IBIG Contribution Payable Withholding Tax Payable xxx.xx xxx.xx xxx.xx xxx.xx

    xxx.xx xxx.xx xxx.xx xxx.xx

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