HR glossary · Pay and payroll
Payroll
Calculating what each employee is paid for a period, after allowances and deductions.
Payroll is the process of calculating what each employee is paid for a period: salary, allowances, overtime and bonuses, minus deductions such as social insurance, taxes, loans and penalties. It ends with payslips and payment to employees.
In practice
Odoo Payroll uses salary structures and rules so every payslip is calculated the same way each month. HR and Finance review the payroll batch before payment, and the result can be posted to accounting.
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