BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A payroll Record can be defined as a list of all the employees of that company in which every information related to the payments made to the employees which they are entitled to receive, such as salaries, wages, bonuses, taxes, etc.

Detailed explanation-2: -A payroll system is a software to automate the payroll process. These systems can be integrated with leave and attendance tracking systems and employee self-service portal and are used to keep track of employee’s working hours, calculate salaries, calculate taxes and deductions, print payslip, etc.

Detailed explanation-3: -What are employee records? Employee records are a compilation of all information pertaining to an employee, from hire date to termination date. This information may include, but is not limited to, the employee’s name, social security number, address, date of birth, position, salary, and benefits.

Detailed explanation-4: -The payroll register shows gross earnings, deductions, net pay, and taxable earnings for a payroll period. The employee earnings record shows the gross earnings, deductions, and net pay for an employee for an entire calendar year.