PAYROLL


PAYROLL
 
 

 Broadly speaking, payroll is the calculation of payment for work performed by each employee. More specifically, however, payroll comprises a number of work processes, including the generation of payroll results and remuneration statements, bank transfers and check payments.
This includes a number of additional subsequent activities, for example:

  • • Transfer of payroll results to Accounting
  • • Data medium exchange
  • • Other evaluations, for example, the payroll account or payroll journal
 
 
The calculation of remuneration comprises two main steps:

  • • Calculation of Remuneration Elements (Gross Amount)
  • • Statutory and voluntary deductions (country-specific, net amount)
These payments and deductions are included in the payment calculation by means of different wage types.
The employee is usually paid by bank transfer and the payment amount is printed in a form for the employee.

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