Before hiring employees, spend time learning how to calculate payroll for your business. It’ll save you time from having to correct errors and thousands of dollars in penalties; you might even experience lower turnover by eliminating paycheck frustrations. You can perform calculations manually (hours worked X pay rate), using an online calculator, or with software.
Here’s how to calculate payroll in a nutshell.
1. Determine Total Time Worked for the Period
To start doing payroll, figure out how much time each employee has worked for the period.
