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

Balance

Accounting; Payroll

The value of an account, as determined by calculating the difference between the debits and credits in the account.

Advice

Accounting; Payroll

The word “advices” refers to the record (either hard copy or available on line) of gross pay, taxes, other deductions, and direct deposit information that is used by employees who select direct ...

Treaties between the U.S. and foreign countries that may have provisions governing the tax treatment of U.S. employees working in those countries, as well as aliens from those countries working in ...

Magnetic media reporting

Accounting; Payroll

Use of a computerised method of filing information with government agencies, such as magnetic tape, diskette, cartridge, or electronic filing from one computer to another.

Fair market value (FMV)

Accounting; Payroll

Used to determine the value of non-cash, employer-provided benefits for payroll tax purposes, or the value of facilities provided to employees in lieu of wages.

Base period wages

Accounting; Payroll

Wages earned during the base period. The amount is generally one of several criteria used in determining a claimant’s eligibility for unemployment compensation.

System edit

Accounting; Payroll

Warning or alert built into computer software; a system edit cheques for errors and either corrects them or notifies the operator that something may be wrong; system edits generally cheque for values ...