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Payroll
(redirected from Payroll savings)

   Also found in: Dictionary/thesaurus, Medical, Legal, Wikipedia 0.01 sec.
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.



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Because the actual rate of attrition may change drastically year over year, it is not included in the payroll savings used to calculate this business case.
The amendment's bite won't be as large as initially thought, thanks to an extra $200,000 in this year's ending fund balance from payroll savings and unanticipated revenue from a city youth activities levy, finance director Ellen Mooney told the board.
The increase is believed to be due to payroll savings, which were EUR10million more than Aer Lingus had anticipated.
 
 
 
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