Payroll processing refers to the administration of employees’ financial records including salaries, wages, bonuses, deductions, and net pay.
Payroll might seem like a simple, straightforward process. You just need to calculate your employees’ hours and send out their paychecks, right?
In reality, there’s a lot more to it. From PAYE taxes and wage policies to remitting to the ZRA, the process is not as simple as it seems. Things can quickly get complicated. To ensure accuracy, the payroll process can’t be rushed.