Plan
- All businesses with employees, regardless of size or industry.
Process
- Collect employee data
- Record time and attendance
- Calculate gross pay
- Deduct taxes and contributions
- Account for deductions and benefits
- Calculate net pay
- Prepare payroll register
- Process payments
- Submit payroll taxes and reports
- Maintain payroll records
Documents and Information Required
- Employee records
- Time and Attendance records
- Payroll register
- Payroll tax forms
- Benefit Deductions
- Expense reimbursement forms
- Tax forms and Declarations
- Leave and absence records
- Payroll reports
- Direct deposit forms