payroll software
Employee compensation application
Payroll software is a computer program that automates employee compensation tasks—calculating wages, withholding taxes, generating paychecks, and maintaining records.
It handles the complexity of varying pay rates, benefits deductions, and tax compliance that would otherwise require accountants or payroll specialists: We switched to cloud-based payroll software last year.
- paycheckCompensation for labor
- pay stubEarnings and deductions summary
- salaryFixed periodic employment payment
- wagesPayment for work
- gross payEarnings before withholdings
net pay · direct deposit · timesheets · time clock · clock in · employees · human resources · accounting · HR · taxes · withholding · deductions · tax withholding · benefits · overtime · payday · pay period · spreadsheet
- payrollpaycheck, gross pay, base salary, net pay, pay stub
- Accounting SoftwareQuickBooks, general ledger, Sage, SAP, Peachtree
- Accounting Toolscalculator, ledger, spreadsheet, general ledger, balance sheet
- business softwareCRM, accounting, billing, invoicing, project management
- HR softwareATS, applicant tracking, performance management, talent management, LMS
- HR technologyemployee portal, applicant tracking, time tracking, job boards, learning platforms