payroll journals

Payroll journals are detailed records used by organizations to document all the transactions related to employee compensation. They track how much money is paid to employees, including wages, bonuses, and deductions for taxes or benefits. These journals help ensure accurate financial reporting by recording each payroll event in the company's accounting system. Essentially, they serve as a detailed ledger that shows where payroll expenses are listed and how payments are made, providing transparency and helping maintain proper financial control.