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in Use of Spread Sheet in Business Application by (25.6k points)
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Briefly explain the procedure of preparation of salary bill and disbursement of cash.

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Preparation of Salary Bill: 

The preparation of salary bill should provide for the following: 

1. Maintaining payroll related data such as Employee No., Name, attendance, Basic Pay, DA, and other allowances, deductions to be made etc. 

2. Periodic Payroll Computations: It includes the calculation of various earnings and deductions. 

3. Preparation of salary statement and employee’s salary slip.

4. Generation of advice to bank: 

It contains the net salary to be transferred to individual bank account of employees and other salary related statutory payments such as provident fund, tax, etc.

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