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payroll sycle

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › payroll sycle

  • This topic has 3 replies, 2 voices, and was last updated 4 years ago by AvatarKim Smith.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • July 25, 2021 at 8:14 pm #629410
    Avatarabokor
    Participant
    • Topics: 82
    • Replies: 114
    • ☆☆

    Hello sir, hope u are well.

    does the company need to maintain timesheets/ clock card system if employee work standard hours per week.

    thanks.

    July 26, 2021 at 8:07 am #629444
    AvatarKim Smith
    Keymaster
    • Topics: 138
    • Replies: 8468
    • ☆☆☆☆☆

    It depends …

    The purpose of timesheets/clock cards is not only to record overtime. “Clocking” in and out monitors employees’ time-keeping – it may be important in some businesses/organisations that staff start their shifts/work on time.

    For businesses that provide services with “chargeable hours” – e.g. accountancy firms, lawyers, etc, the timesheet is extremely important for charging billable hours to clients – and monitoring non-chargeable hours.

    July 26, 2021 at 8:36 am #629454
    Avatarabokor
    Participant
    • Topics: 82
    • Replies: 114
    • ☆☆

    Got it.
    thanks

    July 26, 2021 at 1:03 pm #629480
    AvatarKim Smith
    Keymaster
    • Topics: 138
    • Replies: 8468
    • ☆☆☆☆☆

    You’re welcome!

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘payroll sycle’ is closed to new replies.

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