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Home Interview Accounting and Finance Comments

  • Question
  • What is Payroll Journal?


  • Correct Answer
  • A payroll journal is like a payroll register It has salary, bonuses, commission in other words earnings, any deductions such as 401k, fsa etc, state and income taxes etc It shows the gross salary less any deductions "Net pay" for the period 


  • Accounting and Finance problems


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    • 1. What are Payroll source documents?
    • Discuss
    • 2. What report are provided to accounting dept. from payroll every month? What reports are generate at end month, qtr & year end in payroll dept?
    • Discuss
    • 3. Who is contingent worker? can we run payroll for a contingent worker?
    • Discuss
    • 4. How to define payroll?
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    • 5. What are the benefits achieved by computerized payroll system?
    • Discuss
    • 6. What is Payroll transaction?
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    • 7. What are payroll inputs? Does it changes from company to company?
    • Discuss
    • 8. What are the benefits achieved by payroll giving?
    • Discuss
    • 9. What are the general deductions made while doing payroll for an employee in an organization?
    • Discuss
    • 10. What is the minimum period to revise the Basic Salary of Employees?
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