Question

essalyn Poulsen is an accountant for her firm, a medium-sized company with 125 employees. The firm has traditionally maintained the administration of its payroll. Her co-worker, the only other accountant in the firm, retires. Because of budget concerns, the firm chooses not to refill the position. What options does Jessalyn have regarding administration of the payroll?

Answer 1

Available Options Are:

A. Jessalyn could obtain a software program to fill the need

B. The company can outsource the task to any of a number of qualified, certified payroll preparation firms.

C. The company could opt to process payroll manually

Answer:

Option A and B are correct here.

Explanation:

Obtaining a software program to fill the need can help as using the software will lower the burden on the employees for managing the accounts department as the software prepares financial statements its self and all you have to do is enter transactions. So option A is correct.

The task can be outsourced to a firm that will manage the accounts of the company and will charge small fee.

By doing so the budget issue of the company would be resolved otherwise processing payroll department manually would cost more than these above two options.