Assume you are a new employee at Payroll Inc. a company which process payroll, advises small...

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Accounting

Assume you are a new employee at Payroll Inc. a company whichprocess payroll, advises small businesses on payroll issues, andremits all withheld funds to the government along with payrollforms required. Processing payroll and completing forms is aroutine process which is repeated for each client and payrollperiod. Payroll advising is unique to each client.
In your initial post discuss the aspects of Payroll Inc.'sprocesses that lend themselves to process costing and whichprocesses would more closely align with job order costing. Howwould you set up Payroll Inc.'s accounting system? Would you usejob order or process costing? Or some other type of system?Why?

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Clients of PAyroll Inc are small businesses who are outsourcing their payroll operations to them for further processing Here we can break down the services provided to clients in three major heads 1 Processing of payrolls 2 Remittance of taxes and fulfilling forms 3 Advise on payroll management to clients These heads may be further divided into sub heads involving processes like a Maintenance of employee database involving headcount showing See Answer

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