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

shared services

Accounting; Payroll

the consolidation of related functions and integration of the processes involved with them throughout an entire organization.

float

Accounting; Payroll

The dollar amount represented by checks that have been deposited but not cleared. For example: many tax filing outsourcers remove the tax money from your account several days before the taxes are ...

early retirement age

Accounting; Payroll

The earliest age at which social security retirement benefits can be received - currently age 62. Individual company retirement plans may provide for benefits at an earlier age.

social security statement

Accounting; Payroll

The earnings and benefits verification statement sent by the Social Security Administration annually to employees over age 24 in the U.S. who are not currently receiving social security benefits.

direct deposit

Accounting; Payroll

The electronic transfer of an employee’s net pay directly into financial institution accounts designated by the employee, thus avoiding the need for a paycheck.

title vii

Accounting; Payroll

The employment discrimination portion of the Civil Rights Act of 1964, which prohibits job bias based on race, sex, color, religion or national origin.

interstate commerce

Accounting; Payroll

The exchange of good and/or services across state lines. It provides a basis for congressional and federal government agency regulation of wages and hours of work and other employment related ...