Today we have companies which differ in terms of turnover, profit, total workforce, zone of operation, type of production or service offered, and in other respects, but the one thing that is common to all is that all of them are run and managed by people. The human resource composes the most important part of any organization. Payroll, in this context, can have two related meanings: one, the system by which the people working in a company are accounted for; and two, the physical roll (register) which contains an enumeration of such relationship.
“Payroll is one among a series of accounting transactions dealing with the process of paying employees’ salaries, after accounting for various requirements for withholding money from the employee for payment of payroll tax, insurance premium, employee benefits, and other deductions.” Payroll calculation is a very complex process in which many factors must be kept in mind, like: how many days has one worked, how many hours; how many paid vacations taken; how much to be deducted for income tax, employee provident fund, social security, medical and other insurance, union dues; how much to pay as allowance(s), etc. There are other government regulations regarding employer-paid provisions, like unemployment insurance, employer matching pension plans, health insurance, etc, which must be respected. A Payroll Service takes care of all these issues.
A Payroll Service calculates all payroll provisions for all employees, writes payroll checks, and conforms to other aspects of government regulations. In this section of the webdirectory, we provide a list of such Payroll Service bureaus offering payroll services, taking care of all your payroll needs, so that you may focus on your core business.