BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A business form used to record payroll information is called a payroll register. The source document for journalizing employer payroll taxes is a memorandum. Depositing net pay directly to an employee’s checking or savings account is an example of electronic funds transfer.

Detailed explanation-2: -A payroll register is tool that records wage payment information about each employee – gross pay, deductions, tax withholding, net pay and other payroll-related information – for each pay period and pay date.

Detailed explanation-3: -The Salary Register contains the columns like Employee Name, Department, Work days, Break up of Earnings and Break up of Deductions and the Net Pay payable to employees. The salary Register is a format provided in a columnar format giving details of salaries payable to employees.

Detailed explanation-4: -Differences. Differences between a payroll journal and a payroll register include the level of detail recorded and the confidential nature of each. The payroll journal records the total dollars each time the company processes payroll. The payroll register lists individual dollar amounts and includes employee data.