IMPACT OF AUTOMATED ACCOUNTING SYSTEM ON PAYROLL PREPARATION IN SOME SELECTED LARGE ORGANISATIONS

This research project is aimed at studying the impact of automated accounting system on the payroll preparation in large organisations selected from both Lagos and Ota.
In an attempt to study the impact of automated accounting system on payroll preparation; data were collected through administration of questionnaires to various large organisations located in Ota and Lagos. The data were analysed and average mean score were. The four hypotheses were tested using correlation co-efficient, analysis of variance (ANOVA), Mean score and using goodness of fit test (chi-square).
The study showed that computerisation is an effective tool of communication and achievement of organisational goals; however majority of the respondents remained indifferent as to whether computerisation reduces the labour force. The result of the hypothesis tested also showed that application of modern computer packages may not necessarily bring permanent solution to accounting and payroll processing problems in organisations. The causes of errors, frauds and irregularities etc in many organisations had been traced to unscientific and/manual mode of processing accounting information. This has resulted, on many occasions to a substantial loss of return on investment. Finally, Conclusion was drawn and recommendations were made based on the findings of the study.


Business organisations, especially the large ones exit to carry out certain duties and responsibilities to their owners and those who have interest in them. One of the means by which they could achieve their aims and objectives involving paying particular attention to information needs of the parties they exist to serve, both internal and external.
Moreover, large business organisations normally have sizable number of employees on their payroll. Coupled with this fact, they have to pay much attention to certain things to make them operationally efficient; the main critical area now being considered is the ‘Time and Attendance Management’. Most companies are not really appreciating the losses that can occur without proper time and attendance accounting.

The question that arises here is, how does an organisation go about processing the information needed by internal and external parties in an efficient manner?
This is where the concept of “automation” comes in to play. This often denotes what has been otherwise called the electronic office, new office technology, the office of the future, computer aided office work etc.