What is a payroll process?

Posté 2024-08-21 11:39:17

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What is a Payroll Process?

The payroll process refers to the systematic procedure of calculating, distributing, and managing employee compensation within an organization. This includes the calculation of wages and salaries, deductions for taxes and benefits, and ensuring that all employees are paid accurately and on time. The process also involves maintaining records for compliance with tax laws and labor regulations.

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