What Is Payroll?

Accountancy Resources

What Is Payroll?


Quick Summary


If your company has employees, you’ll need to do payroll. There’s not a chance to avoid it, but what is payroll? Well, payroll often means a few different things: Payroll refers to the employees you pay, in conjunction with employee information. Payroll is also the sum you pay employees during each pay period. Or payroll


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If your company has employees, you’ll need to do payroll. There’s not a chance to avoid it, but what is payroll?

Well, payroll often means a few different things:

  • Payroll refers to the employees you pay, in conjunction with employee information.
  • Payroll is also the sum you pay employees during each pay period.
  • Or payroll can refer to the entire process of actually calculating and disseminating earnings and taxes.

Let’s delve deeper into the different aspects of payroll.


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