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Making Payroll Simpler & Easier to Manage | SalesBabu Payroll is the process that companies go through to compensate everyone working for them. However, payroll isn't as simple as just disbursing cash to a set of people. There are several components and parts in a payroll. Your payroll system needs to be able to calculate and distribute the salary of every employee. On top of that, you also need to provide financial records to your employees with a breakdown of salary, tax, bonus, overtime pay, and holiday pays. This system will also be the one to check the attendance of your employees.