Pay Register
When a Payroll is processed, a lot of information is to be documented and recorded to keep accurate track such as gross pay, net pay, bonuses, allowances, deductions, earnings, taxes, and many more, a Payroll register or Pay register is a record of all the Payroll details of each employee for a specific period. The Pay register has a list of all the employees under the company’s payroll policy and details about them like their gross salary, net salary, total CTC, incentives (if any), pay cycle, attendance, deductions, insurance, DA, other special allowances, etc.
The following information is a must to maintain a Pay register;
- Name
- Pay period
- Pay date
- Regular hours
- Overtime hours
- Pay rate
- Gross pay
- Taxes