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In a company, payroll is the sum of all financial records of salaries, wages, bonuses, and deductions. Image File history File links Emblem-important. ... Image File history File links This is a lossless scalable vector image. ... Look up company in Wiktionary, the free dictionary. ... FINANCIAL is the weekly English-language newspaper with offices in Tbilisi, Georgia and Kiev, Ukraine. ... Salary is a form of periodic payment specified in an employment contract. ... A wage is a compensation which workers receive in exchange for their labor. ... Look up deduction in Wiktionary, the free dictionary. ...

Paycheck

A paycheck is traditionally a paper document issued by an employer to pay an employee for services rendered. While most commonly used in the United States, recently the physical paycheck has been increasingly replaced by electronic direct deposit to bank accounts. Example of a Canadian cheque. ... This article is about work. ... Income, generally defined, is the money that is received as a result of the normal business activities of an individual or a business. ... This article is about work. ... Direct deposit is a process where someone who is going to be paid on a recurring basis, such as an employee, or a recipient of a government entitlement or benefit program such as social security is sent the payment owed to them into their checking or savings account. ...

In most countries with a developed wire transfer system, e.g. in Europe, using a physical check for paying wages and salaries has been uncommon for the past several decades. However, vocabulary referring to the figurative "paycheck" does exist in some languages, e.g. German (Gehaltsscheck), partially due to the influence of US popular media but this commonly refers to a payslip or stub rather than an actual check. A wire transfer is a method of transferring funds from one entity to another. ... For other uses, see Europe (disambiguation). ... A decade is a set or a group of ten, commonly a period of 10 years in contemporary English, or a period of 10 days in the French revolutionary calendar. ... Many traditional academic analyses of language divided linguistic expressions into two classes: literal and figurative. ...

Pay slip

An example of a payslip from the John Lewis Partnership, showing gross salary, tax and National Insurance paid and yearly bonus entitlement, among other things

A pay stub, paystub, pay slip, pay advice, or sometimes paycheck stub, is a document that an employee receives either as a notice that the direct deposit transaction has gone through, or as part of their paycheck. It will typically detail the gross income and all taxes and any other deductions such as retirement plan contributions, insurances, garnishments, or charitable contributions taken out of the gross amount to arrive at the final net amount of the pay, also including the year to date totals in some circumstances. Image File history File links Size of this preview: 658 × 599 pixelsFull resolution‎ (1,751 × 1,595 pixels, file size: 6. ... Image File history File links Size of this preview: 658 × 599 pixelsFull resolution‎ (1,751 × 1,595 pixels, file size: 6. ... For the former (1856-1991) unrelated UK department store, see Lewiss. ... Tax rates around the world Tax revenue as % of GDP Part of the Taxation series        UK Income Tax and National Insurance (2005–2006) UK Income Tax and National Insurance as a % of Salary (2005–2006) National Insurance (NI) is a system of taxes and related social security benefits in the... The principle of a withholding tax is that it is withheld (retained) by the payer and given directly to the taxation authorities. ... Individual taxpayers in the United States are faced with a choice when preparing their tax returns. ... This article does not cite any references or sources. ... Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. ... A garnishment is a means of collecting a judgment for money in which some third person (the garnishee) is ordered to pay money to the plaintiff which the garnishee owes to the defendant. ...

Payroll savings program

A payroll savings program is a method of automatically deducting money from one's paycheck and depositing it into a savings account. Since these funds are made less available there is a reduced chance that they will be spent. The passbook is the traditional document to keep track of earnings in a savings account Savings accounts are accounts maintained by commercial banks, savings and loan associations, credit unions, and mutual savings banks that pay interest but can not be used directly as money (by, for example, writing a cheque). ...

Payroll card

A payroll card is a card that allows an employee to access their paycheck by using a card that looks like a bank debit card. A payroll card can be more convenient than using a check casher, because it can be used at participating automatic teller machines to withdraw cash, or in retail environments to make purchases. Some payroll cards also are cheaper than payday loans available from retail check cashing stores, but others are not. Most payroll cards will charge a fee if used at an ATM more than once per pay period. Look up debit card in Wiktionary, the free dictionary. ... Outdoor ATMs may be free-standing, like this kiosk, or built into the side of banks or other buildings An automatic teller machine, automated teller machine (ATM) or cash machine is an electronic device that allows a banks customers to make cash withdrawals and check their account balances without... A shop window in Falls Church, Virginia advertises payday loans. ...

The payroll card account usually is held as a single account in the employer's name. That account holds the payroll funds for all employees using the payroll card system. Some payroll card programs establish a separate account for each employee, but others do not.

Payroll Professionals

In Canada Payroll Professionals are Certified by the Canadian Payroll Association. They are qualified as either 'Payroll Compliance Practitioners (PCP)' or as 'Certified Payroll Managers(CPM)'. The Canadian Payroll Association (CPA) was founded in 1978. ... A payroll compliance practitioner is a person who has taken and completed the courses of study required by the Canadian Payroll Association and is qualified to manage the payroll of a midsized business at the supervisor/midlevel manager. ...

In the United States Payroll Professionals are Certified by the American Payroll Association. They are designated as Fundamental Payroll Consultant (FPC) or Certified Payroll Professional (CPP) after passing the appropriate certification exam.

Upon completion of the required course material and with continuing education and membership fees the person is then entitled to the post-nominal letters associated with their current level of accomplishment. Post-nominal letters also called Post-nominal initials or Post-nominal titles are letters placed after the name of an individual to indicate that that individual holds a position, educational degree, accreditation, office, or honour. ...

Warrants

Warrants look like checks and clear through the banking system like checks, but are not drawn against cleared funds in a deposit account. Instead they are drawn against "available funds" so that the issuer can collect interest on the float. In the US, warrants are issued by government entities such as the military and state and county governments. Warrants are issued for payroll to individuals and for accounts payable to vendors. Technically a warrant is not payable on demand and may not be negotiable.^[1] Deposited warrants are routed to a collecting bank which processes them as collection items like maturing treasury bills and presents the warrants to the government entity's Treasury Department for payment each business day. Example of a Canadian cheque. ... This article does not cite any references or sources. ...

In the UK, warrants are issued as payment by the NS&I when a Premium Bond is chosen. NS&I National Savings and Investments (NS&I), formerly called the National Savings Bank, is a state owned savings bank in the United Kingdom. ... A Premium Bond is a bond issued by the United Kingdom governments National Savings & Investments scheme. ...

See also

• Cheque

Example of a Canadian cheque. ...

References

1. ^ Glossary of Accounting Terms