Software payroll refers to automated systems that manage employee payroll processes, including calculating salaries, withholding taxes, and generating paychecks. It offers several advantages over manual payroll processing, including improved accuracy, efficiency, and compliance with regulations.
Payroll software is essential for businesses of all sizes, as it helps streamline payroll operations, save time and costs, and reduce the risk of errors. Historically, payroll was processed manually, which was a time-consuming and error-prone process. With the advent of computers, payroll software has become widely adopted, transforming the way businesses manage their payroll.