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.