Payroll Processing

Increase Efficiencies with experts to be contextually aligned with set accounting standards across geographies.

Payroll processing refers to managing all aspects of paying employees. It includes steps to ensure you properly calculate, track and distribute employee payments. Payroll processing also involves determining the correct amounts of money to withhold for company benefits, taxes and other dedications.

What are the 5 payroll steps?:

Five basic steps in processing payroll

• Step 1: Do the prep work....
• Step 2: Collect timesheet data....
• Step 3: Do the math: Calculate gross pay....
• Step 4: Withhold income taxes and determine other deductions....
• Step 5: The perfect paycheck: Pay your people.