Payroll accounting

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.,

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.