Quick Answer: Why Is It Called Payroll?

What is HR payroll management?

Payroll Management System is the system by which an employer can manage the salaries of the employees.

It includes salary, allowances, deductions, and net payable to the employees.

It also deals with the generation of payslips..

What does payroll mean?

Payroll refers to the employees you pay, along with employee information. Payroll is also the amount you pay employees during each pay period. Or payroll can refer to the process of actually calculating and distributing wages and taxes.

What is another word for payroll?

In this page you can discover 11 synonyms, antonyms, idiomatic expressions, and related words for payroll, like: employees, workers, pay list, salary, receipts, payment, faculty, staff, pay, payroll department and paysheet.

What is the definition of the term payroll period?

Pay Period Definition A pay period is a recurring length of time over which employee time is recorded and paid (e.g., weekly, bi-weekly, semi-monthly, monthly). What is a Pay Period? Also known as payroll frequency, pay frequency, payroll period, and payroll schedule.

What is a payroll process?

Payroll processing is the procedure taken to pay employees at the end of a payroll period. This process involves multiple steps to ensure that pay is properly calculated, tracked and doled out and that the correct amounts for tax, company benefits and other deductions are withheld.

What is payroll example?

They include employee salaries, employer payments for health insurance or similar benefits, payroll taxes paid by the employer, bonuses, commissions and similar expenses.

Who prepares payroll?

Preparing Payroll A finance or HR staff person prepares the Payroll Calculation Sheet two or three days before pay day. He or she signs the sheet to certify that he or she has prepared it.

What is another word for patrol?

In this page you can discover 32 synonyms, antonyms, idiomatic expressions, and related words for patrol, like: scout, guard, watch, walk, sentinel, protection, guarding, watching, safeguarding, protecting and defending.