Payroll Vocabulary Explained

We break down payroll’s complex terms from A to Z for easy understanding.

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

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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

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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.

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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

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