What do you know about Timesheet and Payroll?

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Timesheet & Payroll are essential components of managing employee compensation and tracking work hours.

Timesheets are used to record the number of hours worked by employees.
Payroll involves calculating and distributing employee compensation, including wages, salaries, and bonuses.
Timesheets are used to calculate employee pay based on the number of hours worked.
Payroll also involves deducting taxes and other withholdings from employee pay.
Payroll data is often stored in a payroll system or software.
Timesheets can be submitted electronically or on paper.
Payroll must comply with federal and state laws and regulations.
Errors in timesheets or payroll can result in legal and financial consequences for employers.