How to Calculate Payroll: A Guide for Beginners
The importance of how you handle employee paychecks goes beyond the amount you pay them. Frequency of payment, accuracy of compensation, and thorough deductions are critical for managing employee satisfaction and ensuring your business complies with local, state, and federal laws. This guide will walk you through all the necessary steps to calculate payroll accurately and effectively for your employees, including categorizing them, applying necessary deductions, and determining pay periods and timing.