In treasury management , a payroll is the list of employees of some company that is entitled to receive payments as well as other work benefits and the amounts that each should receive. One way that payroll can be handled is in-house, meaning that a company handles all aspects of the payroll process on its own, including timesheets, calculating wages, producing paychecks, sending the ACH Automated Clearing House , for any direct deposits, and remitting any tax payments necessary [ citation needed ]. Payroll can also be outsourced to a full-service payroll processing company. When a company chooses to outsource their payroll, timesheets, wage calculations, creating paychecks, direct deposits, and tax payments can be handled all, or in part, by the payroll company [ citation needed ].
Accounting Matters Bibliography
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7 Tips for Writing a CPA or Accountant Bio (With Example Wording)
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