Payroll Accounting is the process by which employees' compensation is recorded and disbursed by taking into account federal, state, and local tax laws and other with-holdings.
Payroll accounting relies on a delicate network of activities such as leave management and attendance tracking, expense reimbursements, statutory compliance, other perks, and benefits provided to the class of employees and the existing agreements with those employees.Continue reading...https://paysquare.com/building-a-robust-indian-payroll-calculation-system/