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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Payroll
whats the difference between payroll charge and payroll expense
Not familiar with either expression – you will need to tell me the context in which the expressions are used
Payroll expense is the amount of salaries and wages paid to employees in exchange for services rendered by them to a business. Payroll expense is the cash paid during an accounting period for salaries and wages. Payroll expense may be a much less substantial proportion of total expenses in a business useful source . Your accountant runs monthly reports, not weekly reports. That is why your accounting department may prefer semi-monthly pay periods, since the last paycheck of the month will typically coincide with the end of the month.