Cost benefit.docx - CHAPTER I BACKGROUND OF THE STUDY...

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CHAPTER I BACKGROUND OF THE STUDY Establishments in order to compensate the rendered services of their employees must have a payroll system to organize all the tasks of employee payment and filing of employment taxes. These tasks can include keeping track of hours, calculating wages, withholding taxes and deductions and paying employment taxes to the government. Kinabuchs Grill and Bar was owned by Butch Chase with its branch in 348 Rizal Avenue, Puerto Princesa City. Starting business was never easy for them; they must work hard to survive pressures from society. For the past years of operation, manual system is consistently preferred to calculate payroll system since the start of business up to date. The continuous practice of using manual system is prone to errors and mistakes and takes a lot of time and effort, thus can yield to high operating costs. Nowadays, many people preserve information electronically. This is because people had experienced difficulties in storage and organization of information. Many establishments have been challenged because of the rapid growth of information. These include businesses, government agencies, non-profit organizations, educational institutions, etc. because they 40
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process daily information and should take advantage of the advancement of technology to become effective and efficient. The proponents believe that the entity needs a payroll system that is more accurate and can eliminate errors and excessive efforts. As a solution, the researchers aimed to come up with this project entitled “Kinabuchs Grill and Bar Payroll System” that would facilitate proper payroll accounting with the aid of computer software and unit. Moreover, the system created will be an advantage to accurate payroll accounting and to modernize the method of operation of the office. 41
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Statement of the Problem The study was conducted to develop system software that would facilitate proper accounting of payroll of Kinabuchs Grill and Bar. Explicitly, the study attempted to help the establishment not to overlook payroll accounting and to control labor cost. Specifically, this study intends to provide solutions to the existing problems in the current payroll system of the entity. These are follows: 1. Possibility of human errors 2. Scattered sources of data, and; 3. The payroll processing is time consuming Objectives of the Study General objectives The general purpose of this study entitled Kinabuchs Grill and Bar Payroll System is to create a automated payroll system that is more advantageous to the entity compared to its existing payroll system. Furthermore, to design and develop a computerized payroll system that will replace the existing manual payroll system. Specifically, this study aims: 42
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1. To efficiently monitor payroll processes and any discrepancies that may arise.
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