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Payroll

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

Contributors in Payroll

Payroll

substantiation

Accounting; Payroll

The requirement that employees keep records of the time, place, and business purpose of reimbursable expenses they incur, including receipts.

financial control

Accounting; Payroll

The right of a business to direct and control the economic aspects off a worker’s job.

straight time

Accounting; Payroll

The standard number of work hours during a workweek for which an employee’s regular rate of pay will be paid.

on-call time

Accounting; Payroll

The time period when an employee, typically a service worker, must remain on the employer's premises or nearby so that he or she cannot use the time effectively for personal purposes.

preliminary and postliminary activities

Accounting; Payroll

The time spent by employees to get ready for work or to get ready to leave work, which is generally not compensable time unless the activities are essential to the employee’s principal work ...

gross pay

Accounting; Payroll

The total amount received form the employer before any deductions are made.

balance

Accounting; Payroll

The value of an account, as determined by calculating the difference between the debits and credits in the account.

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