Payroll plays a large role in business for a reason. It’s the cumulative sum of all of the financial records for employee salaries, which includes their work wages, deductions and any bonuses. The crucial nature of payroll means that it’s imperative for companies to pay close attention to how it is managed under their financial departments.
And while most of us (especially those not in the payroll industry) think this is a pretty straightforward concept of crunching some numbers and inputting them into a system, payroll is not in its entirety is not always foolproof.
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