A payroll is a list of names.
A list is a list or catalogue of names of people or things . In ancient times, according to the dictionary of the Royal Spanish Academy (RAE) , a list was a relic where the names of saints were written. Today there are certain superstitious amulets that also receive this name.
On the other hand, this word, which has its origin in the Latin term nomĭna, also refers to the nominal relationship of individuals who, in an office, receive salaries and must justify with their signature that they have received them.
Payroll concept
It is, therefore, a manual accounting system that includes the preparation of payroll checks , a function that is usually separate from the maintenance of records showing salary, position, working time, deductions and the rest of the personnel-related data. Payroll presents the list of people working in an office with their respective salaries.
The payroll procedure, in short, consists of determining the gross amount earned by each worker , making the corresponding deductions, calculating the net amount to be paid, preparing the paychecks and keeping an individual record of what each employee has earned.
A company's payroll details how much each worker should be paid.
Classification according to type
There are various types of payrolls. More precisely, there are three most common ones. Among them are commissions , which are salaries that are only charged for making a series of sales. Thus, depending on the sales, they receive certain commissions or others.
Secondly, there are salaries , which are the most common types of payroll, and thirdly, there are fees . The latter are frequently used to pay for work done by freelancers or self-employed workers.
Payroll preparation software
We must also highlight that there is software that has been designed especially for the administration areas of companies that are responsible for preparing and creating payrolls. We are referring to Nominaplus . This program has become one of the most useful and effective tools for preparing and creating payrolls in a very comfortable and simple way.
Agreements, categories, Social Security, company data, worker category or contribution bulletins are some of the essential elements that are used as parameters in this aforementioned software to prepare the aforementioned payrolls.
Other considerations
Companies require a payroll summary for each period. They also usually need a distribution of payroll costs by department, by product or by classification, depending on the different production processes.
Although the payroll accounting mechanism may vary in each company, there are certain steps common to all, such as preparing the payroll with the names and salaries of the workers.
In addition to all the above, we cannot overlook the fact that in ancient times the name payroll was also used to refer to the relic on which the names of all the saints were written. And this is without forgetting that the payroll is also a series of amulets.