Payroll

Payroll refers to the process of calculating, distributing, and managing employee compensation, including salaries, wages, bonuses, deductions, and taxes. It encompasses gathering time and attendance data, computing gross pay, applying statutory and voluntary deductions (such as taxes, benefits, and garnishments), and issuing net payments via checks or electronic transfers. Payroll also involves maintaining accurate records, ensuring compliance with labor and tax regulations, filing required reports, and responding to employee inquiries. Efficient payroll management relies on automated systems and integration with human resources and finance platforms to reduce errors, improve timeliness, and provide transparent reporting for budgeting, auditing, and workforce analytics.