Page 100 - Essentials of Payroll: Management and Accounting
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CHAPTER 4
                                     Payroll Best Practices                         1














                                          After reading this chapter you will be able to


                                     •  Understand how employees can alter their own payroll
                                       deduction data
                                     •  Know why bar-coded time clocks can automate the collec-
                                       tion of payroll data
                                     •  Understand why fewer payroll cycles lead to less processing
                                       work by the payroll staff
                                     •  Learn how to streamline or eliminate the use of personal,
                                       vacation, and sick time tracking systems


                                  hough anyone can cobble together a payroll system that operates
                                  moderately well, there are a number of steps that can be taken to

                              Tgreatly increase the efficiency of this operation.The steps are called
                              “best practices,” and are indicative of the work practices used by the
                              operators of highly efficient payroll operations. Though some payroll
                              best practices are clearly designed for larger companies with a multitude of
                              employees, others can be used to improve the operations of companies
                              of any size.
                                 The following sections briefly describe a number of payroll best

                              practices, including the pros and cons of their use, any problems with
                              their implementation, and a graphical representation of their cost and



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