Payroll Accounting

Payroll accounting is a subfield of managerial accounting responsible for recording, processing, and booking employee compensation. It involves the administration of wages and salaries within a company.

The tasks of payroll accounting include: preparing payroll and salary statements, maintaining employee master data, managing payroll accounts, reporting necessary amounts, and preparing booking documents for financial accounting.

In summary, payroll accounting is an essential area that ensures employees are correctly compensated and all legal requirements are met. This area can be simplified and optimized through operational planning with QVANTUM.

Payroll accounting

Personnel controlling