Answer to Question #295763 in Accounting for Jen

Question

Consider a business whose payroll processing functions are poorly organized, poorly performed, and perpetually late. Management suggests that the company chooses to employ RPA in payroll processing to increase efficiency and reduce human errors. In view of the analytics mindset, indicate the questions you would ask, the data you would collect, and the analysis you would perform to determine the appropriateness of implementing management’s suggestion. Write a paragraph response.

Answer 1

To begin with, I will collect all the data on wages for employees: salary, compensation and incentive payments, which are stipulated by the contract. Those. I will make a table with all the data. Then I enter this data into the payroll calculation program. I will also enter the data necessary for payroll calculation: schedules, work, employee benefits, tax rates, time standards. Then I will run the payroll and check for each employee.

To normalize the payment process, it is necessary to determine the dates for the payment of the advance payment and the final balance of wages.

With such suggestions I will approach the leadership.