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Payroll Management System Overview
Our Payroll Management Software generally includes activities in two major areas:- Payroll Accounting and Payroll Administration.
Payroll Accounting Consists of:
Calculating the earnings of employees and the related withholdings for taxes and other deductions.
Recording the results of payroll activities.
Preparing required tax returns.
The definition includes the task of reporting the results of payroll activities to the federal, state and local tax agencies. Payroll Administration deals with the managerial aspects of maintaining a payroll, many of which are distinct from the accounting aspect of payroll.
Payroll Administration Includes:
Managing employee personnel and payroll information.
Compliance with federal, state and local employment laws.
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