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Payroll Management - Controlling Your Business Costs
Each permanent employee of any company is paid for the work that he or she does. Monetary compensation is called salary, and such payments are entered into a journal known as a payroll. Most companies pay different amounts to different employees, and most businesses have many employees. Thus, managing those records is complicated and very important to any business. As a result, a separate branch of business management has been developed, devoted entirely to keeping these records straight and confidential. This branch of management is now known as payroll management.
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