Accounting Best Practices, Fifth Edition

Implementation Issues for Payroll Best Practices

For the reader to understand which of these best practices is the right one for a specific situation, it is useful to review the table shown in Exhibit 17.1. This table lists a number of key implementation issues for each best practice. It notes the likely cost and duration of implementation, which is of concern to those companies that may have a short time and cost budget for improvements. The table is an effective approach for quickly determining which projects to work on and which ones to avoid.

Exhibit 17.1. Summary of Payroll Best Practices

	Best Practice	Cost	Install Time
Employee Deductions
17–1	Disallow prepayments
17–2	Create employee self-service for payroll changes
17–3	Minimize payroll deductions
17–4	Prohibit deductions for employee ...