Impact Of Automated Accounting System On Payroll preparation in some Selected Large Organisations

Impact Of Automated Accounting System On Payroll Preparation In Some Selected Large Organisations

Abstract

This research project aims to investigate the effect of automated accounting systems on the payroll preparation of major organizations in Lagos and Ota.

In an effort to investigate the impact of automated accounting systems on payroll preparation, questionnaires were distributed to numerous major organizations in Ota and Lagos. The data were analyzed, and the mean score was calculated. The four hypotheses were examined using correlation coefficient, analysis of variance (ANOVA), mean score, and the chi-square test for goodness of fit.

The study revealed that computerisation is an effective instrument for organisational communication and goal attainment; however, the majority of respondents were indifferent as to whether or not computerisation reduces the workforce. The result of the hypothesis test also demonstrated that the implementation of modern computer programs may not provide a permanent solution to organizations’ accounting and payroll processing problems. In many organizations, the causes of errors, frauds, and irregularities, etc. were traced to an unscientific and/or manual method of processing accounting data. This has frequently resulted in a substantial loss of investment return.

The study’s findings were then used to draw a conclusion and formulate recommendations.