Employment data is used in many types of documents.
Many concepts are adaptations of accounting terms to the working reality.
Payroll terms are essential to understanding how employment relationships can develop and how wage payments are documented.
Start of marked textTWEET IT! We explain the main terms related to payroll management.End of marked text
Furthermore, they are fundamental concepts not only in payroll management , but in other management processes that handle labor data . In fact, they are commonly used in legal documents, internal reports, and information that is shared with third parties. Let's see where they come from and which are the most important ones that every entrepreneur must manage.
Key Terms in Payroll Management
Many of these terms are originally accounting terms that have been adapted to the reality of payrolls. In this sense, payrolls act as an 'invoice' for the worker, although in this case they are issued by the company.
Thus, there is a certain parallelism in the documentation oil and gas email list of operations that must comply with a certain regulation:
Fiscal and commercial or civil in the case of invoices.
Labor, tax and social security in payrolls.
Payrolls are a key document in the documentation of an employment relationship widely regulated by law.
However, it is clear that payrolls have their own dynamics that accounting and billing terms cannot capture. Let us not forget that civil and commercial contracting is governed by fairly free principles. Accounting must guide how to reflect an open set of operations.
On the contrary, the payroll reflects an operation that is widely regulated by rules and agreements . Therefore, it must reflect the reality of the employment relationship in a much more specific way than an invoice. It must be documented that the work has been carried out and remunerated in accordance with the strict terms set out by law .
Therefore, the basic reference is the payroll model , which in Spain is regulated by the Order of December 27, 1994. And this takes its terms from the labor, tax and Social Security regulations that must be complied with.
Key accounting and legal terms in payroll management
These are some of the main terms that must be handled correctly in order to understand a payroll and its preparation procedure.
