Briefly describe each of the following documents or records: payroll register, payroll master file, and payroll master file changes report
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Accounting
- Payroll Register: the register prepared by the payroll department which contains all the information related to the earnings of the employees is called as Payroll register. It includes the employee name, gross pay, deductions, tax, and the net payment to employees
- Payroll Master File: when all the details of a payroll register are maintained by computer software or in a computer generated file, it is called as a Payroll master file. It includes the employee name, gross pay, deductions, tax and the net payment to employees
need an explanation for this answer? contact us directly to get an explanation for this answerPayroll Master File Changes Report: The report in which changes made in the payroll master file are recorded is called as a Payroll Master File Changes Report. All these changes must be properly made and authorized by the human resource department