Payroll accounting involves a company’s calculation and salary disbursement for its employees. Business owners find themselves responsible for a range of accounting responsibilities and becoming familiar with the payroll to help ensure that employees will receive their pay on time. Payroll and benefits include items such as the salary, wage, bonus and commission to employees, payroll taxes and overtime pay. Employer paid benefits such as vacations, sick days, insurance, holidays, and retirement plans.
Knowing the basic procedures in payroll accounting is a big help especially when it comes to the computation of the employee’s wages. When you need a committed accounting service, Pacific Accounting Solutions actively delivers a range of services that suit your business and personal needs.