Exam 9: Computer Processing Choices, Non-Recurring Payments, Integrated Systems, and Software Considerations in Payroll Processing

Out-sources payroll systems are normally available free of charge and require no input from payroll administrators.

Free

(True/False)

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Question 1

Correct Answer:

Verified

False

The advantages of computerized payroll systems do not include:

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(Multiple Choice)

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Question 2

Correct Answer:

Verified

What factors should an employer consider when determining their needs for a new computerized payroll system?

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(Essay)

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Question 3

Correct Answer:

Verified

The number of employees currently and in the foreseeable future. The complexity of payroll related to;
Number of pay cycles. Types of earnings Deductions allowed.
Number of provinces with employees.
The capability of the payroll administrator.
The degree of integration desired to other company systems, if any. The in-house support capability for the computer system.
The extent to which privacy is a concern.

Computer processing choices do not include:

(Multiple Choice)

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Question 4

If you do not purchase a payroll processing system, you will not be able to calculate employee pay properly.

(True/False)

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Question 5

Purchasing a payroll processing system is a great way to reduce the burden on the payroll administrator as the software provider will assume the responsibility for meeting contractual obligations and legislative compliance.

(True/False)

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Question 6

Manual processing can be enhanced by using electronic spreadsheets that automate the calculation of Federal and Provincial tax deductions.

(True/False)

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Question 7

List 7 important questions that should be addressed when reviewing software options for payroll.

(Essay)

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Question 8

Explain some of the drawbacks associated with using computerized payroll processing.

(Essay)

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Question 9

This is not an advantage of using an integrated computer system.

(Multiple Choice)

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Question 10

Once you have a computerized payroll system in place, manual processing methods may still need to be used to test the system and to deal with any unusual payments the system is unable to handle.

(True/False)

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Question 11

Explain the value an out-sourced payroll service provider can offer to an employer.

(Essay)

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Question 12

Computerized payroll systems have a variety of programs specifically designed for the year-end.

(True/False)

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Question 13

A company with 5 employees and an expert payroll professional must work quickly to create a system needs list and review options for computerized payroll or they will face fines and fees from the Canada Revenue Agency.

(True/False)

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Question 14

All suppliers must comply with the basics of Canadian Payroll Administration to ensure the employers meet minimum legislative compliance.

(True/False)

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Question 15

When setting up a new payroll system defaults can be used for many of the common settings to help save time.

(True/False)

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Question 16

Employers will often need to change their business processes based on the integrated computer system they have installed.

(True/False)

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Question 17

An example of a non-recurring payment to employees that would need to be prepared and approved before processing payroll is:

(Multiple Choice)

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Question 18

Stand-alone systems are generally a good choice when:

(Multiple Choice)

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Question 19

Any replacement or additional payments processed through manual cheque preparation will be automatically recorded by the payroll processing software.

(True/False)

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Question 20

Showing 1 - 20 of 23

Out-sources payroll systems are normally available free of charge and require no input from payroll administrators.

The advantages of computerized payroll systems do not include:

What factors should an employer consider when determining their needs for a new computerized payroll system?

Computer processing choices do not include:

If you do not purchase a payroll processing system, you will not be able to calculate employee pay properly.

Purchasing a payroll processing system is a great way to reduce the burden on the payroll administrator as the software provider will assume the responsibility for meeting contractual obligations and legislative compliance.

Manual processing can be enhanced by using electronic spreadsheets that automate the calculation of Federal and Provincial tax deductions.

List 7 important questions that should be addressed when reviewing software options for payroll.

Explain some of the drawbacks associated with using computerized payroll processing.

This is not an advantage of using an integrated computer system.

Once you have a computerized payroll system in place, manual processing methods may still need to be used to test the system and to deal with any unusual payments the system is unable to handle.

Explain the value an out-sourced payroll service provider can offer to an employer.

Computerized payroll systems have a variety of programs specifically designed for the year-end.

A company with 5 employees and an expert payroll professional must work quickly to create a system needs list and review options for computerized payroll or they will face fines and fees from the Canada Revenue Agency.

All suppliers must comply with the basics of Canadian Payroll Administration to ensure the employers meet minimum legislative compliance.

When setting up a new payroll system defaults can be used for many of the common settings to help save time.

Employers will often need to change their business processes based on the integrated computer system they have installed.

An example of a non-recurring payment to employees that would need to be prepared and approved before processing payroll is:

Stand-alone systems are generally a good choice when:

Any replacement or additional payments processed through manual cheque preparation will be automatically recorded by the payroll processing software.

Employment and Payroll Regulations

Understanding Employment Standards Legislation and Compensation Offerings

Determining Taxable Allowances for Employees

Canadian Payroll Deductions: CPP and EI Contributions, Exemptions, and Deductions

Employee Payroll and Deduction Policies and Guidelines

Payroll and Benefits: Common Misconceptions and Calculation Methods

Employer Obligations and Requirements: A Comprehensive Guide to Statutory Deductions and Registrations in Canada

Payroll and General Ledger FAQS

Payment Voucher

Termination and Record of Employment: Important Considerations and Procedures

Important Information About T4 Forms and Filing Requirements

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