Payroll Processing & HR Management
Select Package
Payroll is the total of all compensation a business must pay to its employees for a set period of time or on a given date. It is usually managed by the accounting or human resources department of a business; small-business payrolls may be handled directly by the owner or an associate.
Increasingly, payroll is outsourced to specialized firms that handle paycheck processing, employee benefits and insurance, and accounting tasks such as tax withholding.
Payroll is the total of all compensation a business must pay to its employees for a set period of time or on a given date.
However, companies must also perform accounting and record-keeping as well as set aside funds for Medicare, Social Security, and unemployment taxes.
The payroll process can include tracking hours worked for employees, calculating pay, and distributing payments via direct deposit or check.