answersLogoWhite

0

Payroll refers to the process of calculating and distributing wages, salaries, bonuses, and deductions to employees. It involves tracking hours worked, managing benefits, and ensuring compliance with tax regulations. Payroll systems can be managed in-house or outsourced to third-party providers, and they are essential for maintaining accurate financial records and employee satisfaction. Proper payroll management ensures timely and accurate compensation for employees while adhering to legal requirements.

User Avatar

AnswerBot

2mo ago

What else can I help you with?