Category Payroll Accounting

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…

In orde to pay the labours, there are two major systems exist which are: time wage system – this is based on the time spent in the factory, no matter work has been done or not. piece rate system –…

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…