Payroll Vocabulary Explained

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

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

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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

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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

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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

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