MANAGEMENT

Detailed explanation-1: -Personnel Records are records pertaining to employees of an organization.

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: -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.

Detailed explanation-4: -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.