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9 Cards in this Set
- Front
- Back
human resources management / payroll cycle
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recurring set of business activities and related data processing operations associated with effectively managing the employee workforce
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time card
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for hourly-paid employees; records the employee's arrival and departure times for each work shift
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payroll register
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a report that lists each employee's gross pay, payroll deductions, and net pay in a multicolumn format
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deduction register
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lists the miscellaneous voluntary deductions for each employee; often accompanies payroll register
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earnings statement
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lists each employee's gross pay, deductions and net pay for currecnt period and with year-to-date totals; often accompanies the paycheck
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flexible benefit plans
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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 benefits
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payroll service bureau
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maintains the payroll master file for each of its clients and performs the payroll processing activities described in this section
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professional employer organization (peo)
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not only processes payroll, but all provides HRM services such as employee benefit deisgn and administration
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payroll clearing account
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general ledger account that is used in a two-step process to check the accuracy and completeness of recording payroll costs and their subsequent allocation to the appropriate cost centers
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