Review of Related Literature and Studies Free

The goal of local literature is to discover what literature means to individuals from all walks of life who are dedicated to innovationand playing role in shaping the future. “The system will record the “time in” and “time out” of the faculty member’s .Upon entering username to the program. It will also assure the safety of the students, staff and school. The system will use device to verify all the employee if it’s registered on the database to ensure that the person entering the school is a modified student. Also when the student entering the school has a violation, a notice will appear on the monitor screen. To keep record of the “time in” and “time out” of the faculty members, same procedure also by the use of our system device, the information will be saved on the database The system itself is secured. Before a person access the system, he/she would be asked to input a username and password then it will be processed if it is granted or decried. The authorized persons are the principal, guidance councilor, the head of the computer subjects and one school coordinator.”

This statement is related in our program because it secures the registration and security of the company. It also used database where information are stored safely from hackers.

It makes efficient use of the advance technology and has ambition to discover more. Computers have the great impact on the profession of accounting. With the rapid growth of technology today, “In the old days, business was done using papers and flat registers. The organization of these registers was difficult and the storage of huge amounts of data was a real problem. Also, the process of preparing a report takes a lot of time. But when computers were introduced into the business field, everything had changed. Databases were used to store huge amounts of data and organize them. Instead of spending many hours (or maybe days) preparing a report, a query consisting of a number of statements can perform the job in some seconds.”

This study is showing problem in storing data and it is hard for the company to keep data. Using database the company will save papers and money in keeping data.

Reference: http://www.cyberessays.com/Term-Paper-on-Designing-A-Bank-Network/1122/

FOREIGN LITERATURE
This literature will show the structure of a manual system and how it is compute. This will show the factors that will affect salary of a employee and worker. “The manual system requires manually computing hourly and salaried workers’ pay, statutory deductions, such as payroll taxes and wage garnishments, and voluntary deductions, such as retirement and health benefits. The in-house computerized system eliminates all manual processing. Payroll software computes wages and deductions based on the representative’s input. The software also has direct deposit capabilities. Additionally, it has the federal and state withholding tax tables hard-coded in the system. The software company updates the tax tables as the withholding rates change, which is usually yearly. The external system employs a payroll staff that performs all calculations, and generates paychecks and pay stubs for the employer. All the employer has to do is to enter their username and password”

This paragraph is closely related in our system because it describes how to compute every employee’s salary. It also includes the tax, deductions and retirement that will affect employee’s income and salary.

Reference: http://smallbusniess.chron.com/payroll-systems-2119.html

This foreign literature is composed of different factors that can affect computation of payroll. “The automated payroll system uses payroll software to compute all wages. Payroll software, such as QuickBooks, PenSoft, Z-Pay, Ultipro and Sage Peachtree calculate gross-to-net earnings based on the data the payroll representative inputs. Therefore, the result depends on the accuracy of the input. Thus, if a terminated employee is due severance pay but the payroll representative neglects to make the entry, the system will not pay it. Typically, the system is reliable so long as the entries are correct. The automated system performs all types of payments: hourly, overtime, double-time, salaries, commissions, bonuses, pay raises, retroactive pay, wage deductions, auto payments and tuition reimbursements. Notably, the automated system eliminates manual paycheck writing. The system automatically generates paychecks and stubs and enables direct deposit.”

This study shows other payroll software that can compute salary. And show different types of payments to the employees. It is focused on the system that has ability to compute and perform payroll. It also states the paycheck and pay slips automatically generated.

Reference: http://smallbusiness.chron.com/benefits-automating-payroll-system-2126.html