Section 3 Payroll Records What Youll Learn The

Section 3 Payroll Records What You’ll Learn = The purpose of 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.

Section 3 Payroll Records (cont'd. ) Why It’s Important To comply with federal and state laws, payroll records must be kept accurately. Key Terms = payroll register = net pay = direct deposit = employee’s earnings record = accumulated earnings

Section 3 Payroll Records (cont'd. ) 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. ) Preparing Payroll Checks The payroll register is the source of information for preparing the payroll checks.

Section 3 Payroll Records (cont'd. ) 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. ) The Employee’s Earnings Record (cont'd. ) This amount was carried forward from the previous quarter’s record. This amount will be carried forward to the next quarter’s record.

Section 3 Payroll Records (cont'd. ) Check Your Understanding What is the difference between a payroll register and an employee’s earnings record?