Payroll processing

Payroll processing

Payroll processing refers to the task of managing the payment of wages by a company to its employees. The steps involved in payroll processing typically include gathering employee time information for a selected time period, managing benefits & deductions, and distributing employee pay for that time period. Most companies use either a payroll software system for payroll, or else a third-party payroll processing service.

As an accounting supervisor, you would oversee and coordinate the staff of an accounting office or financial operations unit. You would provide leadership in various accounting and fiscal procedures, ensuring that they are performed correctly and that funds are managed according to the organization's goals and objectives. You would also be in charge of interviewing, hiring, and training new employees as well as performing periodic performance evaluations and administering disciplinary actions as necessary. Preparing the work schedules and processing leave requests is another important administrative aspect of the position.

In addition to carrying out supervisory tasks, an accounting supervisor performs professional accounting functions, such as preparing financial statements, developing budgets, and processing audit reports. On a regular basis, supervisors are expected to perform account-budget analyses and report your findings to your superiors. Accounts-payable and accounts-receivable tasks also fall under your job duties, including management of invoices, cash receipts, and interdepartmental transfers.

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