22/04/2013 Financial & Legal Services
In an organization, pay-roll is the sum of all financial records of incomes for an worker, wages, rewards and reductions. In bookkeeping, pay-roll represents the amount compensated to workers for services they provided during a certain time period. Payroll plays a big part in a organization for several reasons.
From a bookkeeping viewpoint, pay-roll is crucial because pay-roll and pay-roll taxes considerably affect the net income of most companies and they are topic to rules (e.g. in the US pay-roll is topic to state and federal regulations).
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