Payroll is one of a series of accounting transactions dealing with the process of paying employees for services rendered, after processing of the various requirements for withholding of money for payment of payroll taxes, insurance premiums, employee benefits, garnishments and other deductions.
Payroll Services simplifies the account reconciliation process. Funds are transferred from business account in one single debit transaction, making account reconciliation a one-step process.
Payroll involves the calculation of amounts due the employee, such as hourly wages, a salary consisting of a certain amount per calendar period, or pay to salespersons on commission, as well as reimbursement for employee-paid expenses such as travel.
Payroll Services remits information or payment to employees, governmental agencies, companies, and UAB departments in a timely and accurate manner within federal, state and local guidelines. The Payroll staff is responsible for processing and distributing the monthly, biweekly, and supplemental payrolls.