Payroll

Payroll

Of or relating to the financial record of employees' salaries, wages, bonuses, net pay, and deductions.

Industry: Accounting

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Payroll

Benefit year

Accounting; Payroll

In the context of unemployment compensation, the 52-week period beginning on the first day a claim for benefits is filed.

Supplemental wages

Accounting; Payroll

Compensation received by employees other than their regular pay, such as bonuses, commissions and severance pay. Income tax may be withheld from such payments at a flat rate under certain ...

Nondiscretionary bonus

Accounting; Payroll

Contractual or agreed-upon bonus or incentive related to production, efficiency, attendance, quality, or some other measure of performance.

Batch control

Accounting; Payroll

Control that is designed to ensure that a batch of data has been entered successfully.

Relocation expenses

Accounting; Payroll

Costs incurred by an employee as the result of a move to a job in a new location. Reimbursement of these expenses may be made at an employer’s discretion. Certain employee-incurred relocation ...