Payroll is used to calculate the remuneration for work done for each employee. SAP Payroll delivers powerful and efficient gross-to-net, net-to-gross, regular and off-cycle payroll processing. SAP’s complex Payroll process handles everything including vacation policies, compensation programs, work schedules, Holidays, overtime pay etc.Payroll accounting calculates the payment of work done by an employee. Payroll function does the following:
Compute employees gross salary
Make necessary deductions
Calculate Net salary
Generate Checks or direct deposits.