Payroll Records

Payroll records are the official documents that track employee earnings earned within a company. They include details such as hours worked, wages or salaries paid, deductions for taxes and benefits, and any bonuses or overtime. These records are essential for calculating payroll, ensuring compliance with labor laws, and preparing tax filings. They also help businesses manage their finances and provide a clear history of employee compensation. Maintaining accurate payroll records is crucial for both employers and employees to ensure fair payment and adherence to legal requirements.