Payroll accounting is the process of recording, managing, and reporting all the financial details related to employee payments. It includes salaries, allowances, bonuses, deductions (like tax or social insurance), and end-of-service benefits. Payroll accounting makes sure employees are paid correctly, on time, and in line with legal requirements.
Payroll means paying employees correctly and on time. In Saudi Arabia, payroll must follow strict rules like WPS (Wage Protection System), GOSI (Social Insurance), EOSB (End-of-Service Benefits), and Ministry of Labour (MoL) requirements.
By using online payroll accounting services, companies can:
- Make sure salaries are correct
- Pay employees on time
- Follow Saudi labor laws
- Reduce mistakes and save time
This also allows your team to focus more on growing the business instead of handling payroll problems.