Authorised access Back up files Secure storage of employee records Password protections Numbered payroll register Physical secure location for processing payroll Secure storage for all payroll reports. Describe the way in which a payroll system can ensure compliance with obligations surrounding any deductions from employees pay. Income tax payroll system reflects current tax and produces required reports – Payroll tax payroll system calculates and reports total relevant payroll costs – Other deductions on authorisation from employee, appropriate deductions are – assigned to their payroll information. Reports are produced as required by the governing agencies so that monetary amounts can be forwarded in a timely manner. List the key items that are required to calculate an employee’s gross pay and where you would obtain the information. Employment history employment records – Pay structure employment contract – Record of worked timesheet or employment contract – Overtime timesheet – Penalty rates legislation, employment contract – Allowances legislation and employment contracts – Leave entitlements employee records – Salary packaging employment contracts – Tips, gratuities and service charges organisational policies and procedures – Terminations payments legislation and employment contracts. – How does the difference between salaries and impact the processing of payroll? Answer should include some of the following: Source for gross pay information timesheets or employment contracts – Pay periods Time to calculate gross pay
Authorised access Back up files Secure storage of employee records Password protections Numbered payroll register Physical secure location for processing payroll Secure storage for all payroll reports. Describe the way in which a payroll system can ensure compliance with obligations surrounding any deductions from employees pay. Income tax – payroll system reflects current tax and produces required reports Payroll tax – payroll system calculates and reports total relevant payroll costs Other deductions – on authorisation from employee, appropriate deductions are assigned to their payroll information. Reports are produced as required by the governing agencies so that monetary amounts can be forwarded in a timely manner. List the key items that are required to calculate an employee’s gross pay and where you would obtain the information. Employment history – employment records Pay structure – employment contract Record of worked – timesheet or employment contract Overtime – timesheet Penalty rates – legislation, employment contract Allowances – legislation and employment contracts Leave entitlements – employee records Salary packaging – employment contracts Tips, gratuities and service charges – organisational policies and procedures Terminations payments – legislation and employment contracts. How does the difference between salaries and impact the processing of payroll? Answer should include some of the following: Source for gross pay information – timesheets or employment contracts Pay periods Time to calculate gross pay