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Payroll
Intreasury management, apayrollis the list of employees of some company that is entitled to receive payments as well as other work benefits and the amounts that each should receive.[1]Along with the amounts that each employee should receive for time worked or tasks performed, payroll can also refer to a company's records of payments that were previously made to employees, includingsalariesandwages,bonuses, andwithheld taxes,[2]or the company's department that deals with compensation. One way that payroll can be handled is in-house, meaning that a company handles all aspects of the payroll process on its own, including timesheets, calculating wages, producing paychecks, sending the ACH (Automated Clearing House), for any direct deposits, and remitting any tax payments necessary[citation needed]. Payroll can also be outsourced to a full-service payroll processing company. When a company chooses to outsource their payroll, timesheets, wage calculations, creating paychecks, direct deposits, and tax payments can be handled all, or in part, by the payroll company[citation needed].
Payroll plays a major role in the internal operations of a business for several reasons. From the perspective ofaccounting, payroll and payroll taxes are subject to laws and regulations. Payroll in the U.S. is subject to federal, state, and local regulations includingemployee exemptions,record keeping, andtax requirements.[3]Payroll also plays a large role from thehuman resourcespoint of view. Payroll errors, such as late or incorrect paychecks, are a sensitive topic that can cause tension between employees and their employers. One requirement to maintaining highemployee moraleis that payroll must be paid accurately and promptly because employees are very sensitive to any payroll errors.[4]
Cromer (/ˈkroʊmər/ KROH-mər) is a coastal town and civil parish on the north coast of the English county of Norfolk.[1] It is approximately 23 miles (37 km) north of the county town of Norwich, 116 miles (187 km) north-northeast of London and 4 miles (6.4 km) east of Sheringham on the North Sea coastline. The local government authorities are North Norfolk District Council, whose headquarters is on Holt Road in the town, and Norfolk County Council, based in Norwich. The civil parish has an area of 4.66 km2 (1.80 sq mi) and at the 2011 census had a population of 7,683.[2]
The town is notable as a traditional tourist resort and for the Cromer crab,[3][4] which forms the major source of income for local fishermen. The motto Gem of the Norfolk Coast is highlighted on the town's road signs.[5]
