Dredging And Construction Company Case Study
Over many years of operation, the Company has had profitable business, ensuring the lives of employees. The organization of the Company is to stamp out work for the branch, and have clear management decentralization to help the Director grasp the situation and schedule of construction timely.
4.1.1.2. Accounting for salary and salary deductions
Accounting staff of the Company with a high responsibility always give priority to complete the task assigned to provide information quickly and accurately.
Accounting Depart. of the Company is quite simply matching the scale of production and business of the company. Accountants are arranged logically, matching the ability level of each person. The division of tasks between the parts of the accounting system helps accounting to be fully and accurately with transactions in the period. The Company
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This payment method is convenient for both employees and the Company. Additionally, Dredging and Construction Company can keep track of huge amount of money without doing all work manually.
4.1.2. Limitations
4.1.2.1. Labor management The Company assigns key staff in the works far from the headquarters to capture the situation of labor, work, and construction progress. However, the Company has many projects but the number of staff is low, consequently, the Company sometimes has to hire accountants temporarily to make contracts until the works are completed. Thus, the responsibility of the employees is not attached to the Company.
4.1.2.2. Accounting for salary and salary deductions
There are some drawbacks of accounting for payroll at Dredging and Construction Company that should be taken into consideration.
Dredging and Construction Company includes tracking overtime in timesheet but only states total hours of overtime. This may cause confusion and mistakes when checking and calculating overtime bonus to
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