Category Payroll Accounting

Time Wage System

This is the system of wage payment under which the worker is paid according to the hours worked. This may be then projected over the daily, weekly and monthly basis. Formula Rate per hour x total hours worked Example Mr…

sample college essay

Payroll calculations are done over the basis of employee’s attendance which can be obtained through the manual register maintained at the main gate of the company. However, due to misuse of the manual registers, most of the entities are using…