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Home Interview Accounting and Finance Comments

  • Question
  • What are the benefits achieved by computerized payroll system?


  • Correct Answer
  • With the computerised payroll systems - =>You saved a lot of your time, =>Your accuracy and efficiency is increased by many times =>Your are free from small and small human mistakes in calculation and linking etc =>Once master data is updated(CTC,Reimbursement), rest is taken care by the systems once input is given as and when salary is processed =>Better control is exercised 


  • Accounting and Finance problems


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    • 1. Can You Describe Typical IRS Forms Such as Form W-2 and W-4?
    • Discuss
    • 2. What Is Your Experience with Computerized Payroll Systems or Software?
    • Discuss
    • 3. How Would You Handle an Employee Who Fails to Report Time Records Before the Payroll Deadline?
    • Discuss
    • 4. What Payroll Forms Are You Familiar With?
    • Discuss
    • 5. Loan and Advances of a bank come under the category of______________.

    • Options
    • A. Deposits
    • B. Expenditure
    • C. Liabilities
    • D. Assets
    • Discuss
    • 6. How to define payroll?
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    • 7. Who is contingent worker? can we run payroll for a contingent worker?
    • Discuss
    • 8. What report are provided to accounting dept. from payroll every month? What reports are generate at end month, qtr & year end in payroll dept?
    • Discuss
    • 9. What are Payroll source documents?
    • Discuss
    • 10. What is Payroll Journal?
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