Payroll frequency
Payroll frequency, also known as pay frequency, refers to how often employees receive their wages and how frequently employers must process payroll. Selecting the right pay schedule is essential and should align with your industry standards, company operations, and workforce preferences. Why Payroll Frequency Matters Establishing a clear payroll schedule offers multiple benefits: it keeps […]
Payroll clerk
A payroll clerk is a finance professional responsible for managing the processing of employee wages within a company. Their duties typically include reviewing timesheets, applying relevant deductions (both voluntary and involuntary), and ensuring the correct calculation and withholding of federal, state, and local payroll taxes. Duties and Importance of Payroll Clerks Sometimes referred to as […]
Payroll advance
A payroll advance is a short-term financial arrangement where an employer gives an employee access to a portion of their wages before the usual payday. This is typically treated as a loan that the employee agrees to repay through future earnings. Clear terms should be agreed upon and documented by both parties to prevent misunderstandings. […]
Payroll administrator
A payroll administrator is responsible for managing employee compensation processes, including calculating wages, handling tax withholdings, maintaining payroll records, and often serving as the company’s point of contact for payment questions or wage disputes. What does a payroll administrator do? Also known as payroll specialists, these professionals collaborate with HR teams, handle all aspects of […]