The expenditure cycle: Payroll processing and fixed asset systems

For the year on Payroll, you may use year 2022. same for taxes, SSS, HMDF, Philhelath.

you may use 2022 provisions. Use Jan. 1-15, 2022

standard time 8am-12pm and 1pm-5pm

Ps. Philippine set up

Cooperative learning: Activity No. 1 To be able to fully understand the activities happening in the payroll processing functions, group yourselves into three members. Assign a member who will perform the functions given below and accomplish the reports and outputs required from each position. You are only given one hour to complete the task. Make sure that you have brought the latest SSS, Philhealth, Pag-ibig and tax tables Position Tasks/functions Report/Output 1. HR clerk Prepare the summary of hours worked of Summary of hours worked employees based on the audited time cards. report. Refer to the format provided to you. 2. Accounting Check the work of HR clerk as basis for the Payroll register. Refer to clerk preparation of payroll register. the given format. 3. Treasury clerk Design your company's pay slip based on the Payslips information reflected on the payroll register HR clerk report: Your Company Report on employees' summary of hours worked For January 1-15, 2015 Name of employee |No of days present Overtime Undertime Hours Minutes Hours Minutes Prepared by: Checked by: HR clerk Accounting Clerk Daily Time Record KC Concepcion / Single / Monthly Rate: P 20,000 AM PM UNDERTIME Day In Out In Out Hours Minutes 1 7:55 am 12:02pm 01:10pm 8:15pm 2 8:05am 12:05pm 12:57pm 9:00 pm 3 $:30am 12:15pm | 12:59pm 8:03 pm 4 7:59am 12:0 1pm 01:03 pm 7:12pm 5 7:45am 12:10pm 01:41 pm 8:01 pm 6 7:57am 12:03pm 01:13 pm 8:16pm 7 RESTDAY 7:55 am 12:02pm 01:10 pm 5:15pm 9 8:05am 12:05pm 12:57 pm 5:00pm 10 8:30am 12:15pm |12:59 pm 5:03pm 11 7:59am 12:01pm 01:03 pm |5:12pm 12 7:45am 12:10pm 01:41 pm 5:01 pm 13 7:57am 12:03pm 01:13 pm 5:16pm 14 RESTDAY 15 7:55 am 12:02pm 01:10pm 5:15pm Sharon Cuneta ME3 / Monthly Rate P 30,000 Day AM PM UNDERTIMEIn Out In Out Hours Minutes 1 8:05am 12:05pm 12:57pm 5:00pm 2 8:30am 12:15pm 12:59pm 5:03pm 3 7:59am 12:01pm 01:03pm 5:12pm 4 7:45am 12:10pm 01:1 1pm 5:01 pm 5 7:57am 12:03pm 01:13pm 5:16pm 6 7:55 am 12:02pm 01:10pm 5:15pm 7 RESTDAY 8 8:05am 12:05pm 12:57pm 5:00pm 9 8:30am 12:15pm 12:59pm 5:03pm 10 7:59am 12:01pm 01:03pm 5:12pm 11 7:45am 12:10pm |01:1 1pm 3:41 pm 12 7:57am 12:03pm 01:13pm 5:16pm 13 7:45am 12:10pm 01:1 1pm 5:01 pm 14 RESTDAY 15 7:55 am 12:02pm 01:10pm 4:15pm Vilma Santos / $2 / Monthly Rate P 35,000 AM PM UNDERTIME Day In Out In Out Hours Minutes 8:30am 12:15pm 12:59pm 5:03pm 7:59am 12:01pm 01:03pm 5:12pm 3 7:57am 12:03pm 01:13pm 5:16pm 4 7:45am 12:10pm 01:1 1 pm 5:01 pm 5 8:57am 12:03pm 01:13pm 5:16pm 6 7:56 am 12:04pm 01:10pm 5:15pm 7 RESTDAY 8 8:05am 12:05pm 12:57pm 5:05pm 9 8:30am 12:15pm 12:59pm 5:03pm 10 7:59am 12:01pm 01:03pm 5:12pm 11 7:45am 12:10pm 01:12pm 3:40pm 12 7:51 am 12:03pm 01:14pm 5:10pm 13 7:45am 12:17pm 01:1 1pm 5:01 pm 14 RESTDAY 15 7:54 am 12:02pm 01:13pm |4:15pm Accounting clerk report: Your company Payroll Register For January 1-15, 2015 Net Name of Basic Overtime Undertime Gross W.Tax HDMF SSS PHILHEALTH Pay Pay / late Pay employee Pay Prepared by: Accounting clerk