Payroll
Definition 1 of 3
Pro Tip 1/3
Company Expense
Payroll reflects a company's financial obligation to its employees and is an expense on financial statements. The startup's payroll accounted for most of its monthly expenses.
Pro Tip 2/3
Not Just Salary
Payroll includes wages, benefits, bonuses, and taxes - not just the basic salary. Her payroll package also included health insurance and travel allowances.
Pro Tip 3/3
Business Size
A large payroll implies a big business, while a small payroll can indicate a smaller operation. As the company grew, so did its payroll.