Page 257 - Essentials of Payroll: Management and Accounting

ESSENTIALS of Payr oll: Management and Accounting
EXHIBIT 9.2
Payroll Bill and Coin

Requirements Form

Payroll Bill and Coin Requirements Form Payroll Period Ended _______May 15_____

Employee Name Net Pay $20 $10 $5 $1 $0.25 $0.10 $0.05 $0.01
Anderson, John $129.12 6 1 4 1 2

Brickmeyer, Charles 207.03 10 1 2 3
Caldwell, Dorian 119.82 5 1 1 4 3 1 2

Devon, Ernest 173.14 8 1 3 1 4
Franklin, Gregory 215.19 10 1 1 1 1 4

Hartwell, Alan 198.37 9 1 1 3 1 1 2
Inglenook, Mary 248.43 12 1 3 1 1 1 3

$1,291.10 60 4 6 19 5 5 3 20

separately lists the regular and overtime hours worked, and then
combines this information into a single total earnings amount from
which standard deductions are made,with the net pay figure noted
at the bottom. If there are other deductions, such as for employee
purchases, 401k deductions, and so on, the stamp can be altered to
include these items.Write the total earnings,deductions,and net pay

in the spaces provided (see the exhibit). This gives each employee
a complete breakdown of how his or her pay was calculated.

6. When an employee takes receipt of his or her pay envelope, there
must be some evidence that the money has shifted into that per-
son’s possession, to prevent later claims of not having been paid.
This issue is readily solved by creating a pay receipt, an example

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