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payroll accounting

What is meant by payroll accounting?

Payroll accounting refers to the process of calculating and disbursing salaries and wages to employees of a company in accordance with applicable legal requirements and individual contract terms.

Typical functions of software in the "payroll accounting" domain include:

  1. Payroll Calculation: The software automatically calculates salaries and wages based on work hours, deductions, allowances, and other relevant factors.

  2. Tax and Social Security Deductions: It automatically considers the required tax deductions as well as contributions to social security and other deductions according to current legal provisions.

  3. Leave and Sick Management: The software records and manages employee leave and sick time, taking them into account in payroll calculation.

  4. Consideration of Collective Bargaining Agreements and Works Agreements: It allows for the configuration of individual collective bargaining agreements and works agreements to consider specific provisions in payroll accounting.

  5. Overtime and Special Payments: The software records overtime and special payments such as bonuses or commissions and considers them accordingly in payroll calculation.

  6. Electronic Data Transmission: It enables the electronic transmission of payroll statements to employees as well as the automatic reporting of wage and salary data to authorities and social security institutions.

  7. Compliance and Legal Compliance: The software ensures compliance with all legal requirements and regulations in the field of payroll accounting as well as the updating of tax and social security regulations.

The function / module payroll accounting belongs to:

Wages and salaries

Software solutions with function or module payroll accounting:

Microsoft Dynamics 365
microtech büro+
Sage HR Suite
TOPIX ERP
TOPIX Financial Accounting