Payroll Account

Every business pays its employees for its services. The function of paying employees is known as a payroll function. The payroll function falls under the Human Resources department. Depending on their size and nature, businesses may have different employees. For example, for smaller businesses such as sole proprietorships, employees will be low or close to […]

The employees of a business provide their services to the business in exchange for compensation. This compensation comes in the form of salaries, wages, overtime premiums, bonuses, holiday pays, sick pays, commissions, etc. Businesses must manage and control these payments properly. Therefore, almost all businesses have a specific department dedicated to managing their employees. The