System Description

The system that we opt to use is the payroll system. Basically, this system is used for managing the employee's income. Payroll is a financial record of employees' salaries, wages, bonuses , net pay, and deductions. (www.investorwords.com/3643/payroll.html)

Payroll system on the other hand, includes any and all types of financial statements that involve the payment of an employer's employees, as well as any statements that relate to the filing of employment taxes. Not only are statements included within these types of systems but the actual functions of printing, delivering or electronic transfer of employees' funds are also included. (http://www.surepayroll.com/online-payroll/payroll-system.asp)
This system was developed and used for the convenience of the business on the part of employer as well as the employees.

We chose the payroll system v1.4 by brothersoft in our project. This system is user-friendly since it is easy to understand and less complicated unlike others. Payroll v1.4's user interface basically looks like a normal payslip sheet. With all the corresponding fields to fill out with necessary information. Aside form its easy access and user-friendly features, it also provides the detailed data about the employees' deductions on their gross pay.

However, this system also has its disadvantages. One of those is that, it can not be modified and customized. The characteristics are fixed, you can't add nor delete some of the fields given unless you purchase the original software.