basic way to improve business efficiency and create reputation of businesses in competitive market. For enterprises, to survive and develop, they must find ways to improve production and business efficiency. Therefore, the management of wages and salary deductions must be paid attention. Other activities will not be effective, or even ineffective if this work will not be paid enough attention. In todays market economy, labor and salary management organization is an important content in the business management of enterprises, it is one of the most important factors that determine quantity and quality of goods and products. Payroll and payroll deductions for the employees always receive great concern because of its socialeconomic significance. basic way to improve business efficiency and create reputation of businesses in competitive market. For enterprises, to survive and develop, they must find ways to improve production and business efficiency. Therefore, the management of wages and salary deductions must be paid attention. Other activities will not be effective, or even ineffective if this work will not be paid enough attention. In todays market economy, labor and salary management organization is an important content in the business management of enterprises, it is one of the most important factors that determine quantity and quality of goods and products. Payroll and payroll deductions for the employees always receive great concern because of its socialeconomic significance. basic way to improve business efficiency and create reputation of businesses in competitive market. For enterprises, to survive and develop, they must find ways to improve production and business efficiency. Therefore, the management of wages and salary deductions must be paid attention. Other activities will not be effective, or even ineffective if this work will not be paid enough attention. In todays market economy, labor and salary management organization is an important content in the business management of enterprises, it is one of the most important factors that determine quantity and quality of goods and products. Payroll and payroll deductions for the employees always receive great concern because of its socialeconomic significance.
Graduation Thesis MINISTRY OF FINANCE ACADEMY OF FINANCE Student: NGUYỄN THỊ HOA Group: CQ54/51.02 GRADUATION THESIS Topic: Accounting for Payroll And Payroll Deductions At Thien Ung Services Training Company Limited Major: English for Finance and Accounting Student code: 165D2202010048 Supervisor: MSC Cao Phuong Thao Graduation Thesis Ha Noi - 2020 RESEARCH PROPOSAL DETAILED OUTLINE DECLARATION ABSTRACT ACKNOWLEDGMENTS LIST OF ABBREVIATIONS LIST OF FIGURES AND TABLES TABLE OF CONTENTS INTRODUCTION 1.Rationale of the study 2.Aims of the study 3.Scope of the study 4.Methodology of the study 5.Organization of the study CHAPTER 1: LITERATURE REVIEW 1.1 Overview of payroll and the payroll deduction 1.1.1 Definitions 1.1.1.1 Payroll 1.1.1.2 Payroll deduction 1.1.1.3 The roles, tasks and functions of accounting for payroll and payroll deductions 1.1.2 Payment methods 1.1.2.1 Job-based salary 1.1.2.2 Time-based salary 1.1.2.3 Other forms of payment 1.2 Accounting for payroll and payroll deductions 1.2.1 Definition and role of accounting for payroll and payroll deductions 1.2.2 Accounting for payroll Graduation Thesis 1.2.2.1 Vouchers used 1.2.2.2 Accounts used 1.2.3 Accounting for payroll deductions 1.2.3.1 Social insurance 1.2.3.2 Health insurance 1.2.3.3 Unemployment 1.2.3.4 Trade union 1.3 Accounting books used 1.3.1 General Journal 1.3.2 General Ledger 1.3.3 Journal voucher 1.3.4 General journal voucher 1.4 Factor influencing accounting for salary and salary deductions 1.4.1 Internal factors 1.4.2 External factor CHAPTER 2: THE STUDY 2.1 Overview of Thien Ung Service Traning Company Limited 2.1.1 Establishment and development of Thien Ung training service accounting company 2.1.2 The main activities and the organization of Thien Ung training service accounting company 2.1.3 The features of accounting system of Thien Ung training service accounting company 2.1.3.1 Organization of the accounting system 2.1.3.2 Accounting form, applied accounting policy and reporting system at the company 2.1.3.3 The feature in condition of using accounting software 2.2 The current situation of accounting for payroll and the payroll deductions at Thien Ung Service Traning Company Limited 2.2.1 The features of labor, payroll and payroll deductions at Thien Ung training service accounting company 2.2.2 Payment methods and salary calculating methods 2.2.3 Vouchers and accounts used Graduation Thesis 2.2.4 Accounting for salaries and bonuses 2.2.5 Accounting for payroll deductions 2.2.5.1 Social insurance 2.2.5.2 Health insurance 2.2.5.3 Unemployment insurance 2.2.5.4 Trade union fees CHAPTER 3: Recommendations 3.1 The evaluation of current situation of accounting for payroll and the payroll deductions at Thien Ung Service Traning Company Limited 3.1.1 Advantages 3.1.2 Disadvantages 3.1.3 Causes 3.2 Suggestions to improve accounting for salary and salary deductions at Thien Ung Service Traning Company Limited 3.3.1 Improving payroll management 3.3.2 Adjusting salary calculation form 3.3.3 Improving training of manager and workers 3.3.4 Improving salary policy 3.2.5 Using reasonable bonuses policy CONCLUSIONS REFERENCES APPENDIXES Graduation Thesis DECLARATION I guarantee that this thesis is my own work and it is my own experience in the training time The data and results described in the thesis are exact and it originate from the actual situation of the practice company Hanoi, 16th February, 2016 Hoa Nguyễn Thị Hoa Graduation Thesis ACKNOWLEDGEMENT Firstly, I would like to express sincere thanks to Academy of Finance (AOF) for giving me opportunity to study and research my into educational reality I not know how to express my appreciation to Ms Cao Phuong Thao, my supervisor, who gives valuable advice, perceptive comments as well as her enthusiasm supports and careful supervision I really appreciate all my lecturers at the Academy of Finance for their assistances, directions and encouragement, it is main factor for me to complete excellently the study of educational reality I have furthermore to thank for the help of THIEN UNG SERVICE TRAINING COMPANY LIMITED and people in the company who give me opportunity to practices in the company in the pastime Especially, my friends from Foreign Languages also supported me in my thesis, I would like to thank them for all their support and suggestion I also would like to give my thanks to my beloved family crating motivation for me to complete my graduation thesis Finally, because of limitation of time and knowledge, my mistakes are unavoidable, so I wish to have more opportunities I also wish to receive more contribution and suggestion to get a better project Graduation Thesis ABSTRACT New In the current period, the trend of integration and globalization of the world economy takes place, enterprises in general are under pressure of competition by other country Therefore, in order to increase the integration process and improve the efficiency of the production and business activities, businesses need to find effective working methods The important goal of a business is to maximize profits The profit earned by a business depends on both objective and subjective factors Payroll regime is also an importance factors that company should focus on, so this thesis would make clear this issue This study is about the regime of wages and bonuses at THIEN UNG SERVICE TRAINING COMPANY LIMITED First, the main purposes are providing deep understanding about salaries, bonuses, insurances defines their theories and the important of paying salary for their employee and the necessary of the payroll accountant Next, it will consider the applications, the achievements and limitations of payroll regime at THIEN UNG SERVICE TRAINING COMPANY LIMITED, as an illustration for the academic background Finally, there are many proposals and solution for the company to improve their payroll accounting regime In conclusion, this study would have a part in improving the regime of payment of salaries, wage, bonuses and insurances at the company Hopefully, the adjustment could help company get a better payroll regime in the future, and it also would be a great reference for other company Graduation Thesis Part I: Introduction Rationale Labor is the most important input factors of every business Improving labor productivity is the basic way to improve business efficiency and create reputation of businesses in competitive market For enterprises, to survive and develop, they must find ways to improve production and business efficiency Therefore, the management of wages and salary deductions must be paid attention Other activities will not be effective, or even ineffective if this work will not be paid enough attention In today's market economy, labor and salary management organization is an important content in the business management of enterprises, it is one of the most important factors that determine quantity and quality of goods and products Payroll and payroll deductions for the employees always receive great concern because of its social-economic significance For the employees, these payments are important because they could be their sole incomes, to support their whole families’ lives For every business, it accumulates in the expense account that takes up a great proportion in total costs It can be the driving force behind the increase of labor productivity, if it is paid basing on employee's productivity Therefore, how to construct wage regime and how to select an appropriate payment form are very necessary Payroll issue is not new, however there are some deficiencies which are need to adjust to get an effective work of paying salary, wage, bonus and insurance in enterprises As the result, Enterprises could ensure that, their employee can get suitable salary, thus companies can save cost and increase profits Understanding the paramount importance of the payroll accounting work in enterprises so in the process of practice as well as completing the subject of graduation, with the enthusiastic advices of my teacher - Ms Cao Phuong Thao and the support of financial accounting department's personnel, I decide to choose the subject: "Accounting for payroll and payroll deduction at Thien Ung service training company limited " as graduation thesis topic Graduation Thesis 2.Aims of the study When studying “Accounting for payroll and payroll deduction”, there are three main objectives which I want to clarify First, providing basic information to understand the concept of salary, payroll deductions, bonus and insurance Second, the ways that enterprise use to made payment for their employee, taking the scenario at Thien Ung Service Training company limited as a case for study, and reviewing their advantages and disadvantages Finally, it is to suggest possible solutions to improve the payroll accounting and the payroll related to insurance at 3.Subjects and Scope of the study The study provides analysis and reviews the work of payroll accounting and payroll deduction at Thien Ung training service company limited Research scope: research scope limited in Thien Ung training service company limited Time study: metrics used mainly are February 2019 Methodology In order to finish graduation thesis, many methods are applied such as collecting and synthesizing data, analyzing by tables, diagrams and using mathematical Firstly, Methods for collecting and synthesizing data include many ways to collect information and data supporting graduation thesis For example, I work and contact the financial-accounting department of the Company to collect data about payroll accounting and payroll deduction in February 2019 of the Company Besides, using many tools to get information about the situation of payroll accounting and payroll deduction in Vietnam such as: Internet, newspaper, financial news and many colleagues or studying many graduation theses and many related topics Secondly, Comparison is another method This is method that used to compare the similarities and differences of an issue In reality, applying this method, I compare between theory and practices about payroll accounting and payroll deductions in the Thien Ung service training company limited, so finding out the deficiencies of the company Thirdly, using analysis by table and diagrams is an efficient method Finally, I use Mathematical method which using mathematical formulas to calculate the payments to the employees Graduation Thesis 5.Organization Chapter 1: Literature review Chapter 2: The current situation of accounting payroll and the payroll deduction to at Thien Ung service training company limited Chapter 3: Recommendations to improve payroll regime and payroll deduction at Thien Ung service training company limited 10