Payroll Definition

Payroll is the sum all financial documents of salaries with an employee, wages, bonus and deductions. Inside accounting, payroll means the total paid for in order to staff for companies that they supplied on a selected time frame. Payroll performs a major position in the organization for several good reasons. In accounting view, payroll is necessary because payroll and payroll income taxes drastically impact the net earnings of most corporations and they are subject to laws and regulations.