FUNDAMENTALS OF COMPUTER

Detailed explanation-1: -Payroll software is an example of Specific purpose application software. Special purpose application software is a type of software which is created to execute one specific task.

Detailed explanation-2: -However, payroll capabilities can also be rolled into ERP software, human resources management software, or accounting and budgeting software. Using payroll software, companies can efficiently perform and track their payroll processes; it ensures employees are paid timely and accurately.

Detailed explanation-3: -Payroll software is an application used to manage, organize and automate the employee payment. The software tracks all payments and maintains all payment records. Payroll software varies in price and features and can be used by small business as well as large corporations.

Detailed explanation-4: -Answer. Answer: False, payroll is an example of application software.

Detailed explanation-5: -In simple terms, payroll can be defined as the process of paying a company’s employees. It includes collecting the list of employees to be paid, tracking the hours worked, calculating the employee’s pay, distributing the salary on time, and recording the payroll expense.