Payroll
Payroll is the process of calculating and distributing the salaries and wages of employees based on their hourly rate and hours worked. It's a crucial part of any organisation as it involves various activities, including processing pay runs and ensuring all financial obligations are met, such as contributions to superannuation, tax payments, and other deductions. The process also includes tracking employee time, attendance, and leave balances and managing employee benefits.
It's essential to pay close attention to detail and follow relevant laws and regulations when managing payroll. By improving employee data accuracy, businesses can ensure they are paid fairly and on time. Payroll helps organisations keep their employees happy by ensuring they receive their salaries accurately and on time while meeting all legal requirements.
