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What is Payroll?

What is Payroll?

To maintain financial records of employees like wages, salaries, deductions, bonuses, holidays, leaves, sick leave, etc. is called Payroll.

In simple words, a payroll sheet or salary sheet consisting of the total of employee earnings that a company is liable to pay for a set period of time.

Generally, Payroll is made daily for wages, weekly, biweekly or monthly for salaries.

It differs from one period to another as there is a difference in calculations of overtime, leaves and other variables.

You can download a ready-to-0use Excel Template of Salary Sheet.

If you have any queries please share in the comment section below. I will be more than happy to assist you.

Filed Under: HR & Payroll Glossary

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About Shabbir Bhimani

I have worked in Excel and like to share functional excel templates at ExcelDataPro.

Comments

  1. Nilanjana says

    May 2, 2017 at 7:19 am

    Hi Fahim,

    Thank you so much for sharing this Salary Sheet Excel Template. It is really a great help for me. God bless you.

    With regards,
    Nilanjana

    Reply
    • Fahim Lashkaria says

      May 2, 2017 at 7:28 am

      You are welcome. Happy to know that our salary template was helpful to you.
      You can find other accounting templates on link below:
      https://exceldatapro.com/templates/accounting-templates/
      You can subscribe to our weekly mailing list where you will receive updates of new templates every Monday.
      Help us spread the word. Share it with your friends and colleagues.

      Thanks
      Fahim

      Reply
  2. Muhammd Mudassir says

    August 14, 2017 at 12:52 pm

    Hi
    Dear FAHEEM!
    I was searching for template which have complete calculation formulas for employees attendance and auto salary maker on bases of such attendance including overtime hours.

    Reply
    • Fahim Lashkaria says

      August 14, 2017 at 2:36 pm

      Dear Mudassir, The template you are looking for has not yet developed. We have added to our To-Do List. We have made a solution for salary calculations. Check this article. This might suffice your need: https://exceldatapro.com/download-salary-sheet-template/

      Reply
  3. George M Joseph says

    December 17, 2018 at 7:27 pm

    Hello sir,
    Would you give me a salary slip like that if a staff join on middle or few days of current month how to automatically read with Salary sheet.

    Thanks & Regards
    George M Joseph

    Reply
    • Fahim Lashkaria says

      December 21, 2018 at 12:31 pm

      Hi George,
      Which country do you belong? If you are from India, you can use the salary sheet given below:
      https://exceldatapro.com/download-salary-sheet-template/
      Just enter the CTC and adjust the formulas according to your needs.

      But if you belong to some other country, then you need to additionally adjust the columns and formulas according to your country payroll norms.

      Reply

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