Payroll is the function of a business paying its employees. It includes distributing money in the form of checks and direct deposits. It also includes keeping records on those payments and paying taxes on behalf of those employees. Payroll is used at the end of the fiscal year to assess annual employee wages.
Payroll serve many other purposes, it provides an insight into business expenditure and earning, hence it should be handled by experts, and the best option is to outsource payroll services.