palgaarvestust
Palgaarvestust (payroll accounting) is the process of calculating and administering employees’ remuneration within an organization. It involves collecting time and attendance data, determining gross wages, applying statutory and contractual deductions, and distributing net pay to employees while coordinating with tax authorities and social security funds. The term covers both the day-to-day calculations and the maintenance of payroll records for compliance and reporting.
Key components include timekeeping, attendance, overtime, leaves and benefits; gross wage calculation; deductions such as income
Typical workflow: collect data from timesheets and absence records; compute gross pay; apply deductions and withholdings;
Compliance and records: palgaarvestust follows employment, tax and social security legislation. Firms must retain payroll documents,
Tools and roles: A payroll accountant or HR specialist typically runs palgaarvestust, often using payroll software