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Useful business glossary to help you
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Payroll is the process of calculation, formalization, and payout of employees' salaries. Starting from tracking working hours and counting net salary, ending with tax reporting. Payroll report reflects legal information about a company and a certain employee: names, addresses, contact data, and so forth. Besides, there are highlighted payment periods, the number of hours worked by an employee, indicated information about the gross and net amount paid which include: regular payments, bonuses, and various reimbursements.
Payroll
Payroll is the process of calculation, formalization, and payout of employees' salaries. Starting from tracking working hours and counting net salary, ending with tax reporting. Payroll report reflects legal information about a company and a certain employee: names, addresses, contact data, and so forth. Besides, there are highlighted payment periods, the number of hours worked by an employee, indicated information about the gross and net amount paid which include: regular payments, bonuses, and various reimbursements.