Introduction to Payroll
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Payroll must be managed accurately to ensure all employees are provided with the correct amount of compensation for their work.
The act of processing and distributing pay to employees is known as a payroll run. It involves collating information required to calculate employee net pay, such as hourly rate, tax status, insurance and paid leave.
flair makes it possible for users to gather all this important information in neatly generated documents. The documents can then be exported and sent to, say, an accountant managing company financials.
A pay date is the scheduled time or day funds are released to the employee. For most companies, it is typically the same day every week or month. Depending on the country, employee pay can be liable to different rules, regulations, and taxes.
Through Salesforce, the flair HR app makes it easy to gather this payroll data and set payment parameters. Let’s check out the main features of Payroll on the flair HR app: