Section 3Payroll Records What You’ll Learn The purpose of a payroll register. How to prepare a...

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Section 3 Payroll Records What You’ll Learn The purpose of a payroll register. How to prepare a payroll register. How to prepare a payroll check. The purpose of an employee’s earnings record.

Transcript of Section 3Payroll Records What You’ll Learn The purpose of a payroll register. How to prepare a...

Page 1: Section 3Payroll Records What You’ll Learn  The purpose of a payroll register.  How to prepare a payroll register.  How to prepare a payroll check.

Section 3Payroll Records

Section 3Payroll RecordsWhat You’ll Learn

The purpose of a payroll register.

How to prepare a payroll register.

How to prepare a payroll check.

The purpose of an employee’s earnings record.

How to prepare an employee’s earnings record.

What You’ll Learn

The purpose of a payroll register.

How to prepare a payroll register.

How to prepare a payroll check.

The purpose of an employee’s earnings record.

How to prepare an employee’s earnings record.

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Why It’s Important

To comply with federal and state

laws, payroll records must be kept

accurately.

Why It’s Important

To comply with federal and state

laws, payroll records must be kept

accurately.

Section 3 Payroll Records (cont'd.)Section 3 Payroll Records (cont'd.)

Key Terms payroll register

net pay

direct deposit

employee’s earnings record

accumulated earnings

Key Terms payroll register

net pay

direct deposit

employee’s earnings record

accumulated earnings

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Preparing the Payroll Register

The payroll register is a form that summarizes information about employees’ earnings for each pay period.

Preparing the Payroll Register

The payroll register is a form that summarizes information about employees’ earnings for each pay period.

Section 3 Payroll Records (cont'd.)Section 3 Payroll Records (cont'd.)

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Preparing Payroll Checks

The payroll register is the source of information for preparing the payroll checks.

Preparing Payroll Checks

The payroll register is the source of information for preparing the payroll checks.

Section 3 Payroll Records (cont'd.)Section 3 Payroll Records (cont'd.)

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The Employee’s Earnings Record

An employer must keep an

employee’s earnings record. This

record contains all of the payroll

information related to an

employee.

The Employee’s Earnings Record

An employer must keep an

employee’s earnings record. This

record contains all of the payroll

information related to an

employee.

Section 3 Payroll Records (cont'd.)Section 3 Payroll Records (cont'd.)

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The Employee’s Earnings Record (cont'd.)The Employee’s Earnings Record (cont'd.)

Section 3 Payroll Records (cont'd.)Section 3 Payroll Records (cont'd.)

This amount was carried forward from the previous quarter’s record.

This amount was carried forward from the previous quarter’s record.

This amount will be carried forward to the next quarter’s record.

This amount will be carried forward to the next quarter’s record.

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Check Your UnderstandingCheck Your Understanding

What is the difference

between a payroll register and

an employee’s earnings record?

What is the difference

between a payroll register and

an employee’s earnings record?

Section 3 Payroll Records (cont'd.)Section 3 Payroll Records (cont'd.)