A payroll flowchart organizes a sequence of actions to help make something simpler to understand. A payroll flowchart visualizes the process of running payroll, withholding deductions, and distributing paychecks to employees. As shown here, there are several steps in the payroll process, including establishing the employer identification number, collecting relevant employee tax information, choosing a payroll schedule, calculating gross pay, determining each employee's deductions, calculating net pay, and finally paying your employees. In simpler words, these steps can be accomplished manually, but an automated process is usually more accurate and efficient and may help you comply with various payroll regulations.
