Aug
What is Payroll
Payroll is the sum of all financial records of salaries for an employee, wages, bonuses as well as deductions. Although similarly in accounting payroll refers to the total amount paid to employees for work completed or services they have provided during a certain length period of time. Normally payroll is broken down in length as times of the month know as pay periods. Also from the accounting prospective payroll is crucial playing a legal part in federal and state taxes. The net income of companies, corporations and partnerships are subject to laws and regulations (e.g. in the United States predominately payroll is subject to federal and state regulations).
Payroll Ethics