Term
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Definition
| the liability accounts associated with payroll; these include accounts for accrued salaries and wages, accrued commissions, accrued bonuses, accrued benefits, and accrued payroll taxes |
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Term
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Definition
| records that include such data as the date of employment, personnel investigations, rates of pay, authorized deductions, performance evaluations, and termination of employment |
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Term
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Definition
| a bank account in which the exact amount of payroll for the pay period is transferred by check or wire transfer from the employer's general cash account |
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Term
| Payroll and personnel cycle |
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Definition
| the transaction cycle that begins with the hiring of personnel, includes obtaining and accounting for services from the employees, and ends with payment to the employees for the services performed and to the government and other institutions for withheld and accrued payroll taxes and benefits |
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Term
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Definition
| a computer file for recording each payroll transaction for each employee and maintaining total employee wages paid and related data for the year to date |
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Term
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Definition
| a document indication the time that the employee started and stopped working each day and the number of hours worked |
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