AIS - CH 17

deduction register

A report listing the miscellaneous voluntary deductions for each employee.

earnings statement

A report listing the amount of gross pay, deductions, and net pay for the current period and the year-to-date totals for each category.

flexible benefits plans

Plans under which each employee receives some minimum coverage in medical insurance and pension contributions, plus additional benefit "credits" that can be used to acquire extra vacation time or additional health insurance. These plans are sometimes called cafeteria-style benefit plans because they offer a menu of options.

human resources management/payroll cycle (HRM)

The recurring set of business activities and data processing operations associated with effectively managing the employee workforce.

Knowledge management systems

Software that stores and organizes expertise possessed by individual employees so the knowledge can be shared and used by others.

payroll clearing account

A general ledger account used to check the accuracy and completeness of recording payroll costs and their subsequent allocation to appropriate cost centers.

payroll register

A listing of payroll data for each employee for a payroll period.

payroll service bureau

An organization that maintains the payroll master file for each of its clients and performs their payroll processing activities for a fee.

professional employer organization (PEO)

An organization that processes payroll and also provides human resource management services such as employee benefit design and administration.

time card

A document that records the employee's arrival and departure times for each work shift. The time card records the total hours worked by an employee during a pay period.

time sheet

A data entry screen (or paper document) used by salaried professionals to record how much time was spent performing various tasks for specific clients.