Definition of Payroll Journal Report
What is a payroll journal report?
The payroll journal report shows the payroll history of employees at a company.
Payroll carriers generally:
- Require a company to have at least 6 weeks of payroll in order to establish new coverage.
- Prefer as much detail as possible in the payroll report.
If possible, the report should include tax info instead of a summary view.
Why is a payroll journal report important to a small business?
It is a required document for payroll carriers to establish coverage.
Other terms similar to payroll journal report that can assist you
- Payroll taxes
Summary of the definition of payroll journal report
A payroll journal report shows the payroll history of employees at a company, and it’s a required document for carriers to establish an organization’s coverage.