This Payroll Process Flowchart depicts the steps involved in running payroll, making withholding deductions, and distributing paychecks to employees. In a nutshell, it breaks down the process step by step. Payroll calculates the salaries and wages of an organization's permanent and temporary employees. Payroll calculation considers an employee's attendance, bonus, overtime, tax rules, and other information to generate the employee's payslip. Payroll can be run daily, weekly, biweekly, or monthly, depending on the organization's salary cycles. This Payroll Process Flowchart depicts the payroll process and the status of the control record at each phase.
