Please enable JavaScript.
Coggle requires JavaScript to display documents.
Payroll business cycle - Coggle Diagram
Payroll business cycle
HUMAN RESOURCES
The objective of this function is to ensure that all matters relating to the personnel department are properly maintained
-
Timekeeping function
This function is necessary to keep an accurate and complete record of valid hours worked for which the company must remunerate employees, i.e. the company needs to ensure that all employees are paid for only the hours that they worked
-
PAYROLL PREPARATION
The aim of this function is to calculate gross wages, deductions from employees (which must be paid over to the relevant authorities) and net wages
-
PAYMENT PREPARATION AND PAY-OUT
The objective of the function is to ensure that employees are paid their wages for only the hours which they have worked
-
-