Payroll is a process followed by companies to give their employees wages.
It can also be referred to as a list of employees who receive compensation from a company.
Importance of payroll for the business:
1. Attracts fresh talent: A company that makes on time payments to there employees is always sought after.
2. Legal responsibility: Managing payroll well keeps company away from legal repercussions.
3. Reduces tax: It can help in reducing the state tax.
You can read more about payroll on https://www.feedough.com/what-is-payroll/