Which of the following is not a task performed in the human resource management HRM payroll cycle?

Q: Which type of payroll report lists the voluntary deductions for each employee?

The payroll register is a report that lists each employees gross pay, payroll deductions, and net pay for each pay period. The deduction register lists the voluntary deductions for each employee.

Chapter Test - HRM&Payroll Cycle

Inhaltsverzeichnis Show

Chapter Test - HRM&Payroll Cycle
Original Title
Available Formats
Share this document
Did you find this document useful?
Chapter Test - HRM&Payroll Cycle
Original Title:
Reward Your Curiosity
Aansluiten bij JoHo met een JoHo abonnement
of met een JoHo donateurschap
Hoe werkt een JoHo Chapter?
Which of the following is not a task performed in the human resource management HRM )/ payroll cycle?
What is the first step in the payroll cycle?
What is the payroll systems principle output?
Which type of payroll report lists the voluntary deductions for each employee?

0% found this document useful (0 votes)

62 views

3 pages

Original Title

Chapter Test_HRM&Payroll Cycle

Copyright

Available Formats

PDF, TXT or read online from Scribd

Did you find this document useful?

0% found this document useful (0 votes)

62 views3 pages

Chapter Test - HRM&Payroll Cycle

Original Title:

Chapter Test_HRM&Payroll Cycle

Jump to Page

You are on page 1of 3

Reward Your Curiosity

Everything you want to read.

Anytime. Anywhere. Any device.

No Commitment. Cancel anytime.

The human resources management and payroll cycle - Chapter 15

The human resources management (HRM)/ payroll cycle is a recurring set of business activities and related data processing operations associated with effectively managing the employee workforce. The more important tasks include the following: recruiting and hiring new employees, training, job assignment, compensation (payroll), performance evaluation, and discharge of employees due to voluntary or involuntary termination.

The HRM-related activities and the collection of information about the use of employee time occur daily. The actual processing of payroll occurs only periodically because in most organizations employees are paid on a weekly, biweekly, or monthly basis rather than every day.

The HRM/payroll master database provide descriptive information. To more effectively use employees’ knowledge and skills, many organizations have invested in knowledge management systems. Knowledge management systems not only serve as a directory identifying the areas of expertise possessed by individual employees, but also capture and store that knowledge so that it can be shared and used by others. These systems can significantly improve productivity.

The payroll system has five major sources of inputs. The HRM department provides information about hiring, terminations, and pay-rate changes due to raises and promotions. The checks are the payroll system’s principal output. Employees receive individual pay checks in compensation for their services. A payroll check is sent to the bank to transfer funds from the company’s regular accounts to its payroll account. The payroll system produces a variety of reports for internal and external use.

We explain the controls necessary to ensure not only the reliability of that information but also the safeguarding of the organization’s resources.

Update payroll master database. An organization need to update their master database to reflect various types of internally initiated changes. It’s also necessary to reflect changes in tax rates and deductions for insurance.
Validate time and attendance data. For employees paid on an hourly basis, many companies use a time card to record the employee’s daily arrival and departure times. Professionals in such service organizations as accounting, law, and consulting firms similarly track the time they spend performing various tasks and for which clients, recording that data on time sheets. Their employers use the time sheets to assign costs and accurately bill clients for services provided.
Prepare payroll.

Every employee receives a few documents.

Payroll register. This register lists each employee’s gross pay, pay deductions, and net pay in a multicolumn format.
Deduction register. This register lists the miscellaneous voluntary deductions for each employee.
Earnings statement. This statement lists the amount of gross pay, deductions, and net pay for the current period and year-to-date totals for each category.
Disburse payroll. Most employees are paid either by check or by direct deposit of the net pay amount into their personal bank account. Both methods provide a means to document the amount of wages paid.
Calculate and disburse employer-paid benefit taxes and voluntary employees deductions. This is the final payroll activity. Many employers offer their employees flexible benefit plans, under which each employee chooses some minimum coverage in medical insurance, retirement plans, and charitable contributions. Flexible benefit plans place increased demands on a company’s HRM/payroll system.

There are three types of data processing integrity controls that can mitigate the threat of payroll errors.

Batch totals. If the original and subsequent hash totals of employees numbers agree, it means that all payroll records have been processed. It also means that data input was accurate, and no bogus time cards were entered during processing.
Cross footing the payroll register. The total of the net pay column should equal the total of gross pay less total deductions. If it does not, an error occurred in processing that needs to be promptly investigated and corrected.
A payroll clearing account. This is a general ledger account that is used in a two-step process to check the accuracy and completeness of recording payroll costs and their subsequent allocation to appropriate cost centers.

A payroll service bureau maintains the payroll master data for each of its clients and process payroll for them. A professional employer organization (PEO) not only processes payroll, but also provides HRM services. Payroll service bureaus are generally less expensive than PEO’s, because they provide a narrower range of services.

Payroll services bureaus and PEOs are especially attractive to small and midsized businesses for the following reasons.

Reduced costs. They both benefit from the economies of scale associated with preparing pay checks for a large number of companies.
Wider range of benefits. PEOs pool the costs of administering benefits across all their clients. A PEO enables smaller companies to offer the same wide range of benefits that large companies typically provide.
Freeing up of computer resources. A payroll service bureau or PEO eliminates one or more AIS applications. The freed up computing resources can then be used to improve service in other areas.

Aansluiten bij JoHo als abonnee of donateur

Waar staat JoHo voor: Missie & Concept

Missie & Visie

JoHo wil mensen en organisaties in staat stellen zich te ontwikkelen en beter samen te werken, en daardoor bij te dragen aan een tolerante, verdraagzame en duurzame wereld.
Via online platforms en fysieke support centers wordt steun verleend aan persoonlijke ontwikkeling, en wordt internationale samenwerking gestimuleerd.

Concept

Als JoHo donateur, abonnee of verzekerde verleen jij steun aan de doelstellingen van JoHo. JoHo steunt vervolgens jou met tools, coaching en voordelen op het gebied van persoonlijke ontwikkeling en internationale activiteiten
JoHo heeft als kernservices: studiehulp, competentie-ontwikkeling, coaching en verzekeringsbemiddeling bij vertrek naar buitenland

Aansluiten bij JoHo met een JoHo abonnement

JoHo abonnement (€20,- p/j)

Voor wie online volledig gebruik wil maken van alle JoHo's en boeksamenvattingen voor alle fases van een studie, met toegang tot alle online HBO & WO boeksamenvattingen en andere studiehulp
Voor wie gebruik wil maken van de gesponsorde boeksamenvattingen en er met zijn pinpoints 10 gratis kan afhalen in een JoHo support center of bij een JoHo partner
Voor wie gebruik wil maken van de vacatureservice en bijbehorende keuzehulp & advieswijzers
Voor wie gebruik wil maken van keuzehulp en advies bij werk in het buitenland, lange reizen, vrijwilligerswerk, stages en studie in het buitenland
Voor wie extra kortingen wil op (reis)artikelen en services (online + in de JoHo support centers)

of met een JoHo donateurschap

JoHo donateurschap (€5,- per jaar)

Voor wie €10,- korting wil op zijn JoHo abonnement
Voor wie JoHo WorldSupporter en Smokey projecten wil steunen
Voor wie gebruik wil maken van alle gedeelde materialen op WorldSupporter
Voor wie op zoek is naar de organisatie bij een vacature

Aanmelden & Aansluiten bij JoHo 

 Chapters 

Teksten & Informatie

Hoe werkt een JoHo Chapter?

Wat vind je op een JoHo Chapter pagina

  JoHo Chapters zijn tekstblokken en hoofdstukken rond een specifieke vraag of een deelonderwerp

Crossroad: volgen

Via een beperkt aantal geselecteerde webpagina's kan je verder reizen op de JoHo website

Crossroad: kiezen

Via alle aan het chapter verbonden webpagina's kan je verder lezen in een volgend hoofdstuk of tekstonderdeel.

Footprints: bewaren

Je kunt deze pagina bewaren in je persoonlijke lijsten zoals: je eigen paginabundel, je to-do-list, je checklist of bijvoorbeeld je meeneem(pack)lijst. Je vindt jouw persoonlijke lijsten onderaan vrijwel elke webpagina of op je userpage
Dit is een service voor JoHo donateurs en abonnees.

Abonnement: nemen

Hier kun je naar de pagina om je aan te sluiten bij JoHo, JoHo te steunen en zelf en volledig gebruik te kunnen maken van alle teksten en tools.

Abonnement: checken

Hier vind je wat jouw status is als JoHo donateur of abonnee

Aantekeningen: maken

Dit is een service voor wie bij JoHo is aangesloten. Je kunt zelf online aantekeningen maken en bewaren, je eigen antwoorden geven op tests, of bijvoorbeeld checklists samenstellen.
De aantekeningen verschijnen direct op de pagina en zijn alleen voor jou zichtbaar
De aantekeningen zijn zichtbaar op de betrokken webpagine en op je eigen userpage.

Prints: maken

Dit is een service voor wie bij JoHo is aangesloten. Wil je een tekst overzichtelijk printen, gebruik dan deze knop.

Which of the following is not a task performed in the human resource management HRM )/ payroll cycle?

access right management (Correct. This is not a task of the HRM/payroll cycle.)

What is the first step in the payroll cycle?

How to process payroll.

Step 1: Establish your employer identification number. ... .

Step 2: Collect relevant employee tax information. ... .

Step 3: Choose a payroll schedule. ... .

Step 4: Calculate gross pay. ... .

Step 5: Determine each employee's deductions. ... .

Step 6: Calculate net pay, and pay your employees..

What is the payroll systems principle output?

Principal outputs of the payroll system are checks. Employees receive individual paychecks. A payroll check is sent to the bank to transfer funds from the company's regular account to its payroll account.

Which type of payroll report lists the voluntary deductions for each employee?

The payroll register is a report that lists each employee's gross pay, payroll deductions, and net pay for each pay period. The deduction register lists the voluntary deductions for each employee.