Payroll Accounting: Introduction
In this section, you will learn about the payroll accounting procedure. The section has been divided into three subsections:
- Gross earnings
Gross earnings are the total amount an employee earns in a pay period. In this subsection, you will learn about the two main functions of a payroll system and the different methods of figuring gross pay. - Payroll deductions
Payroll deductions are amounts withheld from an employee’s gross earnings. In this subsection, you will learn about payroll deductions. There are two types of payroll deductions: those that are required by law and those that an employee can choose from a list of deductions. - Payroll register
In this subsection, you will learn about the payroll register and the steps to prepare it. You will also learn how employees receive their pay, how to maintain employees’ earnings records, and how owners and managers use payroll information to make decisions.
