Payroll refers to the total amount of money that a company pays to its employees. It includes a company’s records of its employees’ salaries and wages, bonuses, and withheld taxes. Payroll is an integral part of any organizations. The department of payroll is not only responsible for employees’ salary compensation, but it also plays a vital role in protecting the company’s reputation by ensuring compliance with various legislation. As a result, managing payroll efficiently is a must for every company.
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