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Payroll
prepares a payroll voucher for the storekeeper. The general manager verifies the
attendance of the storekeeper through a daily time record in order for the
come up with the net pay of each employee, mandatory deductions applicable
such as PhilHealth, SSS and Withholding Taxes are deducted. The minimum
The time in and time out of the storekeeper is reflected in his daily time
record, of which he is the one responsible in the recording, and the general
manager is responsible for the monitoring and verification of the record. The
payroll cycle starts upon the preparation of the bookkeeper of the monthly
attendance report based on the daily time record summary. The bookkeeper
prepares a copy of payroll voucher. The payroll voucher, together with the daily
general manager for reconciliation and verification. The payroll voucher is given
to the employee while the daily time record summary and monthly attendance
report is given to the bookkeeper for filing. The payroll process is shown in
Figure 2.n
Prepare Monthly
Verify Daily Time
Attendance Report
Record Summary
Daily Time
Daily Time Record Summary
Record
Monthly
(DTR)Summary
Attendance Report
Prepare Payroll
Voucher
Daily Time
Reconcile amounts and Record Summary
verify payroll voucher Monthly
Attendance Record
Payroll Voucher
Daily Time
Record Summary
N
Monthly
Attendance Record
Payroll Voucher Payroll Voucher