What is Payroll
Payroll is the largest expense of an organisation and should be managed with attention to detail to pay employees accurately and on time.
The payroll division has the added pressure of legislative compliance as stipulated in the Income Tax Act and managed by the Revenue Authority. In addition, the company policies must be enforced considering the leave rules and onboarding procedures and adherence to reporting requirements for payroll funds such as Medical Aids and Retirement Annuities.