Payroll Function

1. What types of regulations requiring periodic reporting, both monetary and statistical, come along with the payroll function, and what are the reports required?
2. Is the payroll function best performed within a company, or is outsourcing a better approach to payroll processing?
3. What are the positives and negatives of both?

Solution Summary

The response provides you a structured explanation of Payroll Function. It also gives you the relevant references.