Define: Payroll

UK Accounting Glossary

Definition: Payroll


Quick Summary of Payroll


The total wages, not including benefits, paid out by a business during each fiscal year. The term “on the payroll” means “employed by.”



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Examples of Payroll in a sentence


Because that company is so small, the CFO handles the monthly payroll.
When a corporation has a very narrow operating margin, they often depend on regular sales to provide each week’s payroll.



Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/payroll/
Modern Language Association (MLA):
Payroll. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. March 31, 2020 https://payrollheaven.com/define/payroll/.
Chicago Manual of Style (CMS):
Payroll. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/payroll/ (accessed: March 31, 2020).
American Psychological Association (APA):
Payroll. PayrollHeaven.com. Retrieved March 31, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/payroll/

Definition Sources


Definitions for Payroll are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 14th February 2020.