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The following is a scenario for the project. Sara Smith, the Accounting Manager at ABC Company, has decided to document activities at ABC Company so
The following is a scenario for the project.
Sara Smith, the Accounting Manager at ABC Company, has decided to document activities at ABC Company so that future changes to the accounting information system will be efficient and effective. She also hopes to make improvements on weaknesses discovered in the system. Sara drafted the following narrative, explaining the process:
Payroll Processing
The Human Resources Generalist collects and verifies employee data at the beginning of each month, including hours worked for hourly employees salary updates, new hires, terminations, and any changes in employee benefits. The HR Generalist updates this information in the payroll software system.
The Payroll Clerk, within the Finance department, uses the payroll software to calculate the gross pay for each employee based on the data provided by HR The software automatically calculates deductions such as federal and state taxes, Social Security, Medicare, and any other mandatory withholdings. The system also processes deductions for employee benefits such as health insurance, retirement contributions, and any other voluntary deductions.
The payroll clerk reviews the preliminary payroll report for any discrepancies and makes necessary adjustments. A senior payroll specialist or accounting manager conducts a second review for accuracy. If there are any corrections required, the Senior Payroll Specialist provides the payroll report back to the Payroll Clerk, with the required changes indicated. The finalized payroll report is sent to the Head of Finance for approval. Once approved, the payroll clerk proceeds with processing payments.
Employees who have opted for direct deposit receive their salaries directdeposited into their bank accounts on the designated payday. For employees who receive physical checks, the payroll clerk prepares and prints the checks. The payroll clerk then updates the payroll records in the accounting system, ensuring all payments are accurately recorded. The Senior Payroll Specialist provides payroll summaries to HR and the Finance department for their records.
Prepare a Document Flowchart. Submit an Excel workbook as an Excel file.
Could someone please list the agents out as well as a draw a diagram
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