What is payroll accounting? and what are the end to end entries involved in payroll accounting? Kindly help thank you
VIKASH KUMAR JAIN
(Audit Executive)
(711 Points)
Replied 08 December 2013
MANIKANDAN S
(B.Com)
(39 Points)
Replied 10 December 2013
Entries covered in Payroll accounting :
Salaries to employees, provision for bonus, provision for gratuity, PF of employer portion, Employee group insurance, Employee ESI, OT charges paid to operators, stipend, incentives paid etc.,
Jimmie Menon
(Student MBA)
(21 Points)
Replied 28 April 2014
Payroll accounting is done in order to manage the salary of the workers. If there are many employees in the company then there comes the need to hire a Guelph Payroll Provider who is a payroll specialist.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India