Payroll Vocabulary Explained

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

Audit trail

What Is an Audit Trail? Definition of an Audit TrailAn audit trail is a detailed record that documents the flow of financial transactions or data entries from their origin to

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Accrual

What Does Accrual Mean? Accrual – ExplainedAn accrual refers to money that is either earned or owed but hasn’t yet been received or paid. In accounting, accruals are used to

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American Payroll Association (APA)

What Is PayrollOrg (PAYO)? Definition of PayrollOrg (PAYO)PayrollOrg, commonly referred to as PAYO, is a professional association that emerged from the 2023 merger of the American Payroll Association (APA) and

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Articles of incorporation

Understanding Articles of Incorporation Definition:Articles of incorporation are formal documents submitted to a state authority to legally establish a corporation or company. These filings officially recognize your business as a

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