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
- Calculation of Remuneration Elements (Gross Amount)
- Statutory and voluntary deductions (country-specific, net amount)