best practices

Best Payroll Practices For Internal Control

by Sanjeev Archak Sanjeev Archak No Comments

For every organization, be it private, public or those of the government, employees are needed to meet the various goals and objectives of the company. These individuals are employed based on a cost to the organization that is reflected in the form of salaries, wages and the relevant benefits attached to them.

The primary purpose of a payroll department is to take care of paying the employees and remittance of correlated benefits, taxes, and deductions. For this department to function in an effective, efficient and adequate manner as stated by the management, internal controls are a necessity.

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