Payroll

Payroll refers to the process of calculating and distributing wages, salaries, and related deductions for employees within an organization. It includes tracking hours worked, withholding taxes, managing benefit contributions, and ensuring timely payments in compliance with applicable laws and organizational policies. For nonprofits, payroll also involves properly allocating staff costs to grant-funded programs or projects, and maintaining detailed records for compliance and reporting. Accurate payroll management safeguards employee satisfaction, meets legal obligations, and supports transparent financial reporting, which is critical to maintaining trust with stakeholders, donors, and regulatory bodies.