Scribd
Upload
135 views2 pages

EXPENDITURE CYCLE: Payroll Process: (Third Party)

The payroll process involves timecards being submitted to the payroll department who then computes salaries. The payroll information is sent to the finance department who reviews and approves the payroll. Finally, the payroll is uploaded to the bank payroll system to credit employee payroll accounts and reconcile payroll records.

Uploaded by

Sheila Mae Araman
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
135 views2 pages

EXPENDITURE CYCLE: Payroll Process: (Third Party)

The payroll process involves timecards being submitted to the payroll department who then computes salaries. The payroll information is sent to the finance department who reviews and approves the payroll. Finally, the payroll is uploaded to the bank payroll system to credit employee payroll accounts and reconcile payroll records.

Uploaded by

Sheila Mae Araman
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 2

EXPENDITURE CYCLE: Payroll Process

Production/Employee Human Capital Management Payroll Department Finance Department


(third party)

Time Card Time Card Summary of Uploaded Payroll


computed salary writer file

Check & Check and Review and approve


Prepare compute by finance manager
Summary employee
of time obligation
attendance

Uploaded Payroll
Summary of Time Payroll
writer file
Attendance

Prepare Sends back


computation
of salary rate

Summary of
computed salary

Payroll

Prepare
Payroll
writer
file

Payroll writer file Payroll Journal

Upload to Bank Reconcile Payroll


payroll system Journal and Bank
Payroll System

Uploaded Payroll
writer file

Uploaded Payroll
writer file

Review and approve by


country manager thru
HCM

Credit employee
individual payroll
accounts

Prepare
Payroll
Journal
Entries

Payroll Journal

You might also like