IT in payroll

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  • payroll
    • ways that IT is used
      • prints pay slips
      • calculates tax/deduction
      • makes financial reports
      • calculates pay
    • benifits
      • fewer staff needed
      • can report in different formats
      • security- no cash in hand required
      • accurate
    • drawbacks
      • training required
      • over reliance on IT.
      • potential problems
      • cost of hardware/software
      • data entry problems (GIGO)

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