BNET Business Dictionary
Business Definition for: Payroll
- a record showing for each employee his or her gross pay, deductions, and net pay. The payroll may also include details of the employer's associated employment costs.
Wiktionary Definition for: Payroll
- a list of employees who receive salary or wages, together with the amounts due to each
- the total sum of money paid to employees
- # computing the series of accounting transactions that ensure that employees are paid correctly, and that all taxes etc are properly deducted; the department in a company responsible for it
Additional Resources
- Payroll as a Financial Management Tool
- When we think of payroll systems, we often think of rote workflow systems. If you have employees, you have a payroll system. It may be a software program a payroll service bureau. It either processes payroll well, and thus an asset to your payroll organization or it does not handle...
- White papers 2003-08-20
- Payroll Taxes for Your Small Business
- This paper descries the payroll taxes which are due either semi-weekly or monthly depending on the size of payroll. The IRS will dictate the schedule. If the total payroll won't come to $2,500 for the quarter, one can file quarterly. One may consider using a payroll software program to handle...
- White papers
- Getting Quicken 2005 Ready for Payroll Work
- Preparing the payroll? It's no problem with Quicken 2005. To prepare payroll checks and summarize the payroll information that one needs to prepare quarterly and annual returns, one also need to set up several liability accounts, a payroll expense category, and several payroll expense subcategories. This paper describes how to...
- White papers
- Payroll Reporting for Free: Using What Oracle Gives You
- When a new user of Oracle Payroll finally processes their first payroll run, the focus is making sure everyone is paid correctly. Implementing any new payroll system is probably one of the most visible changes you can inflict on your employees. This paper will step through three tools that Oracle...
- White papers 2003-01-23
- Payroll: In, Out or in Between?
- Payroll service firms can handle almost everything, from calculating payroll deductions to filing tax reports, freeing up HR for other, more-strategic matters. But outsourcing isn't for everyone. The largest companies can afford their own computer systems and staff, and some employers' payrolls are too complicated for many vendors' standardized systems....
- White papers 2005-03-01
- Payroll Supervisor A Job Description
- The Payroll Supervisor A job summary: Under general supervision, is responsible for payroll and payroll procedures for a college. Additional information available includes essential job functions, additional responsibilities, and education and experience requirements.
- Tools & templates 2007-09-09
- Cutting Payroll Costs
- The article discusses that the organization and the human resource department discovered that e-payroll technologies-like self service systems, paperless payroll operations, and automated tax filing-can be leveraged to reduce costs within the finance department. The American Payroll Association, in partnership with KPMG, released a benchmarking study of large employers (10,000...
- White papers 2000-01-09
- Payroll Deductions
- Use this tool to help you determine the impact of changing your payroll deductions. You can enter your current payroll information and deductions, and then compare them to your proposed deductions. Try changing your withholdings, filing status or retirement savings and let the payroll deduction calculator show you the impact...
- Tools & templates 2008-01-01
- Upfront: Beating Back Payroll Spending
- The paper depicts that according to Atlanta-based The Hackett Group, payroll processes and technology have come a long way in the past 50 years, and world-class companies are saving millions of dollars each year by adopting best practices that smooth the flow of payroll data, increase control and create end-to-end...
- White papers 2004-08-01
- What internal controls are needed for payroll?
- The objective of internal controls for payroll is to ensure that payroll disbursements are made only upon proper authorization to bona fide employees, that payroll disbursements are properly recorded and that related legal requirements such as payroll tax deposits are complied with. Each employee should have a payroll/personnel file, containing...
- White papers 2003-01-01
- 457 Payroll Deductions
- Use this tool to help you determine the impact of changing your payroll deductions. You can enter your current payroll information and deductions, and then compare them to your proposed deductions. Try changing your withholdings, filing status or retirement savings and let the payroll deduction calculator show you the impact...
- Tools & templates 2008-01-01
- Payroll Taxes
- In the Latin America region the average payroll tax is roughly 25% of gross wages. This is similar to the average for other developing countries, and below the 30% that characterizes the OECD group. At first sight, payroll taxes as a percentage of gross wages show a relatively small dispersion,...
- White papers 2002-04-01
- Payroll Deduction
- Payroll deduction has proved successful in Virginia and is now fully implemented in Washington, Colorado and Louisiana. Interest in payroll deduction is growing daily. The following states and the District of Columbia are in some form of discussion concerning payroll deduction: Kentucky, Indiana, Iowa, Maryland, New York, North Carolina, Missouri...
- White papers 2005-04-01
- A Comparison of Service Bureau and In-House Solutions
- A critical decision faced by many employers is whether to outsource the payroll processing function to a service bureau or take the process "in-house" by purchasing a payroll software system. A large number of employers choose to outsource the payroll processing function because, in their estimation, it is a simpler...
- White papers 2003-08-15
- Sample Payroll Register
- This sample payroll register will help you follow along with the examples in the article, "Instant payroll totals for quarterly tax reporting." The template explains how to use the Excel 2003 List feature and AutoFilter feature to get customized totals from a payroll register.
- Tools & templates 2004-01-13
- Payroll Benchmarks and Best Practices
- APQC has compiled data from numerous organizations to develop benchmarking data for the payroll function in accounting. This excerpt from APQC breaks down individual activities in the three main payroll processes: reporting time, managing pay, and reporting payroll taxes. Its research found that median cost per payroll payment is $6.50,...
- White papers
- Now You See It...: Payroll Tax Is Likely the Tax You Most Want to Have Cut, But Will It Ever Happen?
- The payroll tax has been called the "Ignored tax," because it never gets cut. Payroll taxes make up 34.9 percent of federal revenues and are expected to increase to 36.3 percent of federal revenues by 2004, according to the Tax Policy Center, a nonprofit, nonpartisan group that studies tax policy...
- White papers 2003-08-01
- Internal Relations: How Well Do HR and Payroll Really Get On?
- Payroll and HR can make uneasy bedfellows at times, and recent research among 450 professionals in these fields reinforces this feeling. A report entitled Love Actually by software provider Snowdrop Systems, finds almost two-thirds (61%) of payroll respondents believe HR consistently fails to deliver accurate information. More than half (54%)...
- White papers 2006-05-16
- Payroll Cards: How and Why to Make Them Work for Your Organization
- This paper describes the payroll cards which allow employers to reduce costs traditionally associated with paper-based payroll processes, including producing and handling paper media, fraud costs related to losses and theft, and bank processing service costs. The payroll card provides employees with a convenient, secure way to obtain cash, make...
- White papers 2002-04-01
- Payroll Business Line: Fiscal Year 2005 - 2009 Plan
- The Payroll Business Line's most important mission is to pay employees accurately and in a timely manner. While the Payroll Business Line appears to be doing a great job, it has not conducted a customer survey of the employees and program offices to validate the efficiency and effectiveness of its...
- White papers 2005-04-11
Neighboring Terms
Premier Vendor Content Whitepapers, webcasts & resources from our Power Center Sponsors
- Revolutionary Manufacturing
-
Get inside Intel's advanced manufacturing processes, including research and development, wafer fabrication, and boards and semi-conductor manufacturing.
- Read how Intel is precision tuning fast, smart, more energy-efficient technologies >>
- Technology Innovation
-
Discover how Intel is advancing the pace of new developments in architecture and silicon and delivering great leaps in energy efficiency and processor performance.
- Transform your computing experience >>
- Revolutionary Manufacturing
-
Get inside Intel's advanced manufacturing processes, including research and development, wafer fabrication, and boards and semi-conductor manufacturing.
- Read how Intel is precision tuning fast, smart, more energy-efficient technologies >>
