launagreiðsluskrá
A launagreiðsluskrá, often translated as a payroll register or payroll record, is a document that details the wages paid to employees over a specific period. It serves as a comprehensive record of all financial transactions related to employee compensation. Typically, a launagreiðsluskrá includes essential information such as the employee's name, identification number, gross salary, deductions for taxes, social security contributions, and any other voluntary or mandatory withholdings. The net amount paid to the employee after all deductions are applied is also clearly stated.
This record is crucial for both employers and employees. For employers, it is a vital tool for
The creation and maintenance of launagreiðsluskrá are often governed by specific legal requirements regarding retention periods