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What Are Payroll Registers Used For

Definition: A payroll register is the tape for a pay period that lists employee hours worked, gross pay, internet pay, deductions, and payroll engagement. In other words, a payroll register is the document that records all of the details nigh employees' payroll during a menstruum. You can think of it equally a summary of all the payroll activity during a menstruum.

What Does Payroll Register Mean?

A typical register starts with details about each employee including their proper name, social security number, birthdate, and employee number. It and so shows the payroll details for each employee starting with the hours worked in the current period. Since nearly companies have hourly employees, the hours are usually split betwixt regular hours and overtime hours. The hours are totaled and multiplied by the employee wage rate to become the gross pay for the flow.

Example

Payroll deductions are listed after the gross pay has been calculated. FUTA, SUTA, FICA and other deductions are subtracted from the gross to show the net pay for each employee during the payroll period. The payroll checks are and so written for the net pay.

Many employers will also accept yr-to-appointment totals on the report for each employee. This way gross pay and deductions tin be tracked easily throughout the twelvemonth.

Bookkeepers use the payroll register not just to write the payroll checks, they also use it to file the quarterly payroll reports and remit the taxation payments to the state and the federal governments. The twelvemonth-cease Westward-2 reporting is also based on the payroll register. In other words, information technology includes all the data to record the payroll in the payroll journal and comply with all of the proper payroll filings.

With computerized accounting systems, a new payroll register or report can be run at any fourth dimension for any payroll menses. Manual ledgers are rarely used, if always.


What Are Payroll Registers Used For,

Source: https://www.myaccountingcourse.com/accounting-dictionary/payroll-register

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