What You Should Know About Accounting Payroll | Business Tutorials ...

The most important fact about accounting payroll is that it involves financial statements and not filing tax returns. it requires a detailed description of fringe benefits and payroll for employees which is necessary in the management of employee time. Employer paid benefits, taxes and costs as well as wages, salaries, bonuses and commissions are only a few of the items included on a businesss balance sheet and income statement. If you only have a couple of employees, using a general ledger will be sufficient to record all such information, but if you have more than just 1 or 2 employees or expect to have many more in the future, automating your payroll system can make your it simple and efficient.

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What You Should Know About Accounting Payroll

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