Payroll software is used to standardize the way a company handles the calculation and processing of its payroll, wages, bonuses and deductions. Payroll software can be used not only to calculate money due to employees, but also to provide for the easy keeping of accurate records. Essentially, payroll software can help to streamline the entire process, making the task of processing payroll less time-consuming and cumbersome. It is usually integrated with existing accounting and HR software.
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