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Payroll Management System - Doc

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Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................11. Payroll processing system..................................................................................................12. Discussion on role of accountant in existing software.......................................................33. Improvement in payroll processing....................................................................................4Summary..........................................................................................................................................6REFERENCES................................................................................................................................7
INTRODUCTIONPayroll software is a tool which is used by the organisation to restructure and automatethe method of paying the employees. This report discusses about, Bina Darulaman Berhad whichis an investment holding entity in Malaysia. The address of business is level 9 & 10, MenaraBina Darulaman, 88 Lbuhraya Darulaman, 05100 Alor Setar, Kedah, Malaysia. The activitiesinclude investment holding, provision of management services, oil palm plantation and propertydevelopment. The firm have the diversify businesses, which helps them to generate morerevenues. It provides services in leisure and hospitality, engineering and construction, roadbuilding. The aim of company is to provide the maximum returns to its shareholder, to ensuresustainability of core businesses and to create diversify income sources.This report also contains financial highlights of Bina Darulaman Berhad. For the firstquarter ended 31 March, 2018 company earns revenue of MYR 47,020,744 compare to MYR63,867,164 a year ago. Loss from operating activities was MYR 9,475,722 compare to profit ofMYR 1,124,864 on 31 March, 2017. Loss before tax was MYR 10,621,936 compare to profit ofMYR 381,832 on 31 March, 2017. Loss attributable to owners of the parent was MYR10,768,700 compare to profit of MYR 279,129 on 31 March, 2017. Net cash used in operatingactivities was MYR 36,636,310 compared to MYR 33,618,322 on 31 March 2017. Purchase ofproperty, plant, and equipment was MYR 2,165,307 compared to MYR 4,835,298 on 31 March2017.This companyposted lower revenue for the first quarter compared to the 31 March2017.This project report discuss about a software which is Orisoft (Financial Highlights,2018).This software is used bythe companyfor payroll processing system. The role of accountant inthis software and improvement suggestions are also discussed for better payroll processingsystem. Benefits of software for payroll processing system in the organisation is also discussedin this report.MAIN BODY1. Payroll processing systemPayroll refers to the total amount of wages paid by company to its employees and otherworkers. It includes everything that has to do with the payment of employees and the filling ofemployment taxes. In today's time, managing the payroll system is very complicated task. So tomanage the payroll there are software’s installed which is used by the companies. These software1
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