Payroll

(redirected from Payroll deposit)
Also found in: Dictionary, Thesaurus, Medical, Legal.

Payroll

 

an accounting document designed for recording payments of wages to workers and to clerical and professional employees. It can be compiled for the enterprise or organization as a whole and for individual shops and sections, according to categories of employees, pay lists, or individual pay statements. In contrast to the other documents used in disbursing wages (pay lists or orders), the payroll gives only the employee’s identification number, surname, first name and patronymic, and the amount of take-home pay. The payroll form also contains a column for signatures acknowledging receipt of the money.

References in periodicals archive ?
According to the Federal Reserve report, mobile banking is 'prevalent' among 10 per cent of the 'underbanked'-people who have checking accounts but who use payroll lenders, debit cards attached to electronic payroll deposits, and cheque cashers.
Companies can eschew paper paychecks in favor of ACH payroll deposits.
John Dancu, President and CEO of IDology, commented: "Prepaid Resource's BenefitsDirect[TM] provides a straightforward and seamless way for customers to enroll and manage government benefits and payroll deposits.
SwitchAgent is the first automated service of its kind, developed to make it easier for consumers to transfer pre-authorized payments and deposits, such as gym memberships, car loans, mortgages, utility bills, and Social Security and payroll deposits, from their old bank account to their new Texas Trust account.
The free service allows consumers to transfer preauthorized payments and deposits, such as gym memberships, car loans, mortgages, utility bills, Social Security and payroll deposits, from their old bank account to their new Texas Trust account.
If the measure passes, writes Scherzer, companies that don't currently offer a tax-deferred retirement-savings plan would funnel employee contributions into IRA accounts through direct payroll deposits.
All PEOs are responsible for generating and processing the worksite employer's payroll, payroll deposits and payroll tax filings.
Automatic payroll deposits are an increasingly popular service, according to several banking leaders.