Guide to Payroll Accounting: What It Is, How It Works + Steps
For example, a business with dozens of W-2 employees requires different accounting entries than a company that only uses independent contractors or businesses that use a mix of both. Since the payroll software automates employee payroll processing, it results in accurate salary disbursals every pay cycle. Payroll processing of employees is a major aspect of employee management in an organization since salary is one of the key factors that motivates them to keep working for their company. In any organization, the salaries of the employees are processed each salary cycle to e