Implementing an effectivepayroll management system is not merely ensuring that employees receive their salaries on time. This involves overseeing the salary payment, calculating taxes, maintaining record, and ensuring that all relevant laws are followed. If you are clueless about what is payroll, it is simply a system which benefits the employees as well as the business. While processing payroll, understanding the process will reduce errors and maintain proper accounting record. Payroll Accounting is also used by many organizations to calculate the expenses of their manpower.