What is Payroll?
Payroll is the keeping and organization of a business’s financial records. These records include information on employee salaries, deductions, and bonuses. Payroll is so important because it directly affects the net income of a business. It’s a precise science figuring out how much to give out depending on what you’re taking in, and it’s not something to be taken lightly due to the extreme penalties that come along with payroll errors.