Bookkeeping is the recording of financial transactions and is part of the process of accounting in business. Every business needs an effective and reliable bookkeeping system to achieve business economics activities and to make the best decision for your business success in real life.
A payroll system is software designed to organize all the tasks of employee payment and the filing of employee taxes. These tasks can include keeping track of hours, calculating wages, withholding taxes and deductions, printing and delivering checks and paying employment taxes to the government.
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