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Definition of payroll: |
Payroll is a list of all the people in an organization, the total sum of money paid to all the people within the same organization, the frequency of payments, the personal details of the same people and also includes details of all deductions and payouts on behalf the same people and tax information. General Payroll InformationIn general all over the world (not only in South Africa) it is very difficult to obtain general information regarding payroll, most of the information is only related to either accounting and payroll systems, software, services or payroll taxes, neither of these categories assists anyone in understanding what a payroll is or any of the other issues generally related to payroll. Categories:Payroll services are usually provided by payroll accountants or payroll bookkeepers that are usually accredited in the country where they practise their trade. Payroll services generally include the processing of Payments (Paychecks, Vouchers, EFT (Electronic Fund Transfers)), the production of Payslips and reports to employers and required returns. Payroll Software generally manages all aspects related to the administration of a payroll Payroll taxes, levies and other payment requirements vary greatly from country to country and even between states or provinces in the same country. Country OrganizationsPayroll and Accounting Organisations for different countries are listed here: Accounting-123 |
