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What is payroll accounting?

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Question added by Rana Alnajjar , Web developer , Lebcards
Date Posted: 2016/11/29
manseer muhammed ali
by manseer muhammed ali , Accountant General , Royal Lighting L.L.C & Royal Furnishing LLC

Payroll accounting involves a company's recording of its employees' compensation including: gross wages, salaries, bonuses, commissions, and so on that have been earned by its employees. withholding of payroll taxes such as federal income taxes, Social Security taxes, Medicare taxes, state income taxes (if applicable)

Mohsin Ali Chaudhry
by Mohsin Ali Chaudhry , Accounts Officer , CCE - Contracting & Construction Enterprises Ltd.

Salaries, wages, bonuses, overtimes & commissions distribution/compensation in an organization

Majid Wangade
by Majid Wangade , Senior Accountant , KANTOUR LIMITED COMPANY ( Real Estate, Construction and Asset Management )

Payroll Accounting is a company's records of its employees' salaries and wagesbonuses, and withheld taxes

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