article thumbnail

A Guide to Payroll Management: Ensuring Smooth Financial Operations

Qandle

This information is then used to calculate the gross pay, which is the total amount earned by an employee before deductions. Calculation of Gross Pay With verified time and attendance data, the system calculates the gross pay for each employee. Complex Calculations and Deductions pose another hurdle.

article thumbnail

How to set up a payroll process: 10 steps

Insperity

As an employer you shoulder a lot of responsibility, especially when it comes to employee compensation. Not only do you have to figure out the proper way to pay your people, you have to withhold the appropriate taxes, deposit them and report them to the government. Calculate payroll, and don’t forget deductions.

Payroll 101