AIS Ch13: Human Resources Management and Payroll Cycle
Order by
9 terms
Terms | Definitions |
|---|---|
 HRM/Payroll cycle | cycle associated with effectively managing the employee workforce |
| time card | record the employee's arrival and departure times for each work shift (for hourly paid employees) |
| payroll register | report that lists each employee's gross pay, payroll deductions, and net pay in a multicolumn format |
| deduction register | lists the miscellaneous voluntary deductions for each employee |
| earnings statement | lists the amount of gross pay, deductions, and net pay for the current period and year-to-date totals for each category |
| flexible benefit plans | 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 |
| payroll service bureau | maintains the payroll mast file for each of its clients and performs the payroll processing activities |
| professional employer organization (PEO) | not only processes payroll but also provides HRM services such as employee benefit design and administration |
| payroll clearing account | 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 appropriate cost centers |
First Time Here?
Welcome to Quizlet, a fun, free place to study. Try these flashcards, find others to study, or make your own.
Set Champions
Scatter Champion
34.3 secs by kristinemichell
Space Race Champion
1,600 points by adamberrio