Payroll run
A payroll run refers to the process of issuing employee wages for a defined period. Often called “processing payroll,” it happens on a predetermined date, known as the payday or check date and covers compensation earned during the associated pay period. Understanding Payroll Runs While there’s no fixed limit to how often a business can […]
Payroll register
A payroll register is a detailed, multi-column report that provides a snapshot of employee wage data for each payroll cycle. It captures important compensation information for every employee, including gross pay, deductions, and the final net amount disbursed. Understanding the Role of a Payroll Register Payroll registers are typically built into most modern payroll systems, […]
Payroll reconciliation
Payroll reconciliation is the process of reviewing and verifying payroll data to ensure everything aligns correctly before finalizing employee payments. This includes checking gross wages, deductions, taxes, and net pay. Reconciling payroll regularly helps catch discrepancies early and prevent costly errors such as incorrect paychecks or tax filing mistakes. Why Payroll Reconciliation Matters Even though […]
Payroll policy
A payroll policy is a formal document that details how an organization manages and administers employee compensation. It includes key information such as pay frequency, overtime rules, timesheet procedures, pay methods, required deductions, and the protocol for resolving paycheck discrepancies. Why Payroll Policies Matter Having a clear and comprehensive payroll policy helps set expectations for […]