1. Payroll Applications

2. Contents Payslips Payslips Paycheck Paycheck Payroll professionals Payroll professionals Required Hardware Required Hardware Required Software Required Software Financial reports Financial reports Purpose of financial reports Purpose of financial reports

3. What’s a Payroll? It is a sum of all financial records in a business of salaries, wages, bonuses and deductions. It is a sum of all financial records in a business of salaries, wages, bonuses and deductions.

4. What is a Payslip? It is a document that an employee receives either as a notice that the direct deposit transaction has gone through, or as part of their paycheck. It details the gross income and all taxes and any other deductions such as insurances or charitable contributions taken out of the gross amount to arrive at the final net amount of the pay.

6. Paycheck A paycheck is traditionally a paper document issued by an employer to pay an employee for work done. A paycheck is traditionally a paper document issued by an employer to pay an employee for work done. A physical cheque for paying wages and salaries has been uncommon for the past several decades and has been replaced by electronic direct deposit to bank accounts. A physical cheque for paying wages and salaries has been uncommon for the past several decades and has been replaced by electronic direct deposit to bank accounts.

8. Payroll professionals In several countries to be a payroll professionals, one has to be qualified e.g.: in the U.S.A Payroll Professionals are Certified by the American Payroll Association. In several countries to be a payroll professionals, one has to be qualified e.g.: in the U.S.A Payroll Professionals are Certified by the American Payroll Association. They are designated as Fundamental Payroll Consultant (FPC) or Certified Payroll Professional (CPP) after passing the appropriate certification exam. They are designated as Fundamental Payroll Consultant (FPC) or Certified Payroll Professional (CPP) after passing the appropriate certification exam.

9. Payroll hardware A simple computer is what is required! A simple computer is what is required!

10. Payroll software Comacc Payroll Comacc Payroll IMS Payroll IMS Payroll

11. Financial reports Financial reports are formal records of a business' financial activities. These statements provide an overview of a business' profitability and financial condition in both short and long term.

12. Types of Financial reports Balance Sheet Profit and Loss account Statement of retained earnings Statement of cash flows

13. Purpose of financial statements The objective of financial statements is to provide information about the financial strength, performance and changes in financial position of an enterprise that is useful to a wide range of users in making economic decisions. The objective of financial statements is to provide information about the financial strength, performance and changes in financial position of an enterprise that is useful to a wide range of users in making economic decisions. Financial statements should be understandable, relevant, reliable and comparable. Financial statements should be understandable, relevant, reliable and comparable. The reported assets, liabilities and equity are directly related to an organization's financial position. The reported assets, liabilities and equity are directly related to an organization's financial position. Reported income and expenses are directly related to an organization's financial performance. Reported income and expenses are directly related to an organization's financial performance.