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The Further Education and Training Awards Council (FETAL) was set up as a statutory body on 11 June 2001 by the Minister for Education and Science. Under the Qualifications (Education & Training)
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What is payroll manual and computerised?
Payroll manual refers to the process of calculating and managing employee wages and taxes using paper-based methods, such as writing checks and maintaining physical payroll records. Payroll computerised, on the other hand, involves using software and computer systems to automate the payroll process, including calculating wages, generating digital payslips, and maintaining electronic payroll records.
Who is required to file payroll manual and computerised?
All employers are required to file payroll, whether manual or computerised, for their employees. This includes businesses of all sizes, from small businesses with only a few employees to large corporations with thousands of employees.
How to fill out payroll manual and computerised?
To fill out payroll manually, employers must gather all relevant information about their employees' work hours, salaries, deductions, and taxes, and use this information to calculate each employee's net pay. They must then write checks or provide cash to employees, as well as maintain detailed records of the payroll. For computerised payroll, employers must input the relevant employee information into a payroll software or system, and the software will automatically calculate wages, deductions, and taxes, and generate digital payslips and reports.
What is the purpose of payroll manual and computerised?
The purpose of payroll, whether manual or computerised, is to ensure that employees are paid accurately and on time. It also helps employers manage their financial obligations, such as tax withholdings and deductions, and maintain records for legal and compliance purposes.
What information must be reported on payroll manual and computerised?
Both manual and computerised payroll systems must report various employee information, including their names, addresses, Social Security numbers or employee identification numbers, wages, hours worked, deductions, tax withholdings, and net pay. Employers may also need to report additional information required by local tax authorities or labor regulations.
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