PAYROLL Name Of Students
MANAGEMENT
1. Nayeem Zakir Manturkar
2. Pratik Rajendra Khade
3. Faizal Firoz Mulla
SYSTEM 4. Pranav Dattatraya Koli
INTRODUCTION
• A payroll system is a software designed to organize all the tasks of employee
payment and the filing of employee taxes. These tasks can include keeping
track of hours. Calculating wages, withholding taxes and deductions, printing
and delivering checks and paying employment taxes to the government.
• Payroll software often requires very little input wage information then the
software calculates the information and performs withholdings automatically.
Most payroll software is automatically updated whenever a tax flaw change
and will remind employers when to file various tax forms.
NEED OF WORK
• Accuracy: A payroll management system ensures accurate and error-free calculations of employee
wages, taxes, deductions, and benefits.
• Time Efficiency: Automating payroll processes saves time for HR and payroll teams.
• Compliance: Payroll management systems help ensure compliance with tax regulations, labor laws, and
other legal requirements.
• Data Security: Payroll systems store sensitive employee information securely, protecting it from
unauthorized access or breaches.
• Reporting and Analytics: A payroll management system provides comprehensive reporting capabilities,
enabling businesses to generate payroll reports, payslips, tax forms, and other financial documents.
USAGE OF LOGIC
• Payroll Management System gives you the power to:
Manage Employee Information efficiently.
Define the earnings, deductions, leave etc.
Generate Pay-Slip at the convenience by a click.
Generate and Manage the Payroll according to the Salary Structure assigned to the employee.
Generate all the Reports related to employee, attendance/leave, payroll etc
Manage your own Security.
ARCHITECTURE DIAGRAM
ALGORITHM
• Initialize variables and data structures:
• Prompt the user to enter the employee's details, such as name, employee ID, hours worked, and
hourly wage.
For each employee in the list or arrayGenerate Pay-Slip at the convenience by a click.
Iterate through the list or array of employee dataManage your own Security.
Display the individual employee data, including the gross pay, deductions, and net pay for each
employee.
FLOWCHART
APPLICATION OF PROJECT
• Employee Information Management: The system allows the business to store and manage employee information in a
centralized database. This includes details such as employee names, IDs, hours worked, hourly wages, and any relevant
deductions.
• Time and Attendance Tracking: The system can integrate with a time and attendance tracking system or allow employees to
manually input their hours worked
• Payroll Calculation: Using the employee data and hours worked, the system calculates the gross pay for each employee
based on their hourly wage and total hours worked.
• Payroll Processing and Generation: Once the payroll calculations are completed, the system generates paychecks or direct
deposit files for each employee.
• Tax Reporting and Compliance: The system can generate reports and forms required for tax reporting purposes, such as W2
forms for employees and 1099 forms for contractors
• Record Keeping and Compliance: The system maintains a historical record of payroll data, allowing the business to easily
access and reference past payroll information when needed.
ADVANTAGES
• Efficiency and Time Savings
• Accuracy and Compliance
• Cost Savings
• Employee Satisfaction
• Data Management and Reporting
DISADVANTAGES
Initial Cost and Implementation Time
Learning Curve
Technical Issues and Dependency
Complexity and Customization
SOFTWARE AND HARDWARE
REQUIREMENT
Software Requirements Operating system :
Windows Xp or Later versions of windows IDE : Dev C++
Hardware Requirements Processor :
Intel Pentium core or later versions Hard Disc : 120GB RAM :
256 MB or More
CONCLUSION
The delivered system “PAYROLL MANAGEMENT SYSTEM” software developed
for a company has been designed to achieve maximum efficiency and reduce the
time taken to handle the payroll activity. It is designed to replace an existing manual
record system thereby reducing time taken for calculations and for storing data. The
system used C++ as front end.
It provides Automation of the entire system improves the efficiency, it provides a
friendly Interface which proves to be better when compared to the existing system
updating of information becomes so easier.
THANK YOU
