Payroll

Payroll

Of or relating to the financial record of employees' salaries, wages, bonuses, net pay, and deductions.

Industry: Accounting

Add a new term

Contributors in Payroll

Become a Contributors

Payroll

exercise price

Accounting; Payroll

Price an employee pays for a stock when a stock option granted by an employer to an employee is exercised by the employee.

employment verification

Accounting; Payroll

Process of determining whether a newly hired employee is authorized to work in the United States under the Immigration Reform and Control Act.

child support withholding

Accounting; Payroll

Process of withholding amounts from an employee’s compensation to satisfy a child support order from a court or a state child welfare administrative agency. The employer is responsible for ...

batch processing

Accounting; Payroll

Processing data as a group, either to increase controls or processing efficiency.

online processing

Accounting; Payroll

Processing performed under direct control of the computer (can be batch or realtime)

revenue rulings

Accounting; Payroll

Published decisions issued by the IRS that apply the tax laws to a particular set of facts. They can be used by taxpayers to determine their tax liability in similar factual situations.

accrual

Accounting; Payroll

When there is a difference between what is allocated per pay cycle versus what is expensed, an accrual occurs. This term of accrual is somewhat misnamed and would be better understood if it were ...