Think of payroll as the engine behind every paycheck. It calculates hours, manages deductions for taxes and benefits, and keeps tabs on bonuses, vacation, and sick days. It’s the system that ensures every payment is spot-on and on time.
Accurate payroll ensures employees are paid correctly, costs are logged properly, and tax withholdings are up-to-date—all of which help keep cash flow in check and compliance on track. Just one mistake can set off a chain reaction of fines, audits, and inaccurate books, affecting every corner of the business.
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