Payroll is the total amount the company pays to its employees in a period. Any business needs to pay all its employees accurately and on time. However, it can be a tedious task for small and medium businesses. With the lack of time and often due to lack of knowledge, businesses pay wrong amounts, leading to employee dissatisfaction and penalties from the government. Payroll is a particularly time-consuming activity, from mapping timesheets to preparing employee payslips, salary, and superannuation; it is a task best handled by experts. An effective payroll management system is a must for every business.
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