Control System -inkwell Coursework Example | Topics and Well Written Essays - 4250 words

Control System -inkwell - Coursework ExampleA review of this system is targeted at enhancing how the company handles its employees remuneration and other work packages.In this report, the chosen system for review is the payroll system, whose investigations are expected to provide a summation of the inbuilt accounting system that is in operation in the organisation. A study of Inkwells payroll system shall entail an in-depth examination of the organisational activities such as the tax management, tracking of taxes that have been withheld, analysis of the record of hours employees work, and a record of the paychecks issued to employees (Bragg, 2006.p.125-129).To assess the payroll system being used by the company with the agent to provide recommendations for its improvement in efficient employee management. The payroll system, being a core accounting system is essential to the management as it streamlines the organisations ability to stay on top of its regulatory and legal responsibi lities. Therefore, this report shall seek to identify the weaknesses within the organisations payroll system, and determine the ask that require improvement. Therefore, the report shall outline the cost-benefits analysis of implementing the payroll systems improvements in Inkwell limit (Bragg, 2003.p.85-92).It is expected that as a result of this review, it would be possible for the payroll system being used to effectively process payroll reports that can be used to make tax withholding summaries. The back of this systems evaluation in this report has been achieved as part of an accounting assessment, which is part of the AAT level 4 accounting.2.1 Inkwell Limited is a Limited Company with a larger section of its operations majored in the private sector. However, its specialisation in the re-manufacturing or re-cycling of used laser toner and printer cartridges. The companys sales targets are achieved by distributing its products through a nationwide chain that comprises over 60 high