Maintaining financial records of employees like wages, salaries, deductions, bonuses, holidays, leaves, sick leave, etc. are called Payroll.
In simple words, payroll sheet or salary sheet consisting 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.
Payroll differs from one period to another as there is a difference in calculations of overtime, leaves and other variables.
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