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FAQs

Payroll is the process of calculating and paying employees for time worked. Payroll reports usually contain detailed information such as how much an employee is paid, deductions for income taxes, social security, and payroll taxes. Payroll reports are typically generated by software. They show how much is owed to an employee and which entity is responsible for that payment. Employees may also use payroll reports to verify their pay and request changes if needed.

Payroll is a large part of Tally and most people do not know where they can find it. There are two places: 1) The account tab is where you would find payroll information when you click on the "Payroll" option in the left column of your screen. 2) When you open up your company profile in the right column, you'll see a list of settings for your company such as time and attendance, overtime, payroll, and paystub. The company profile page is also where you can edit your settings or add new ones.

This is a very common question that comes up in the workplace. What makes this even more confusing is that there are multiple versions of payroll reports. One might ask, "what is the difference between a payroll report and an accounting report?" The difference is that payroll reports are used to submit data for payment of wages and other compensation amount to be paid by an employer to his employees, whereas accounting reports document the financial transactions of an enterprise or its owners. Payroll reports typically include information about hours worked by an employee, salary earned, total benefits received, and number of days missed from work as well as others.

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