Payroll

usgb/ˈpeɪrəʊl/
noun

The total amount of money that a company pays to its employees.

The business had a large monthly payroll to cover the wages of all of their workers.
Visual representation of "payroll" - The total amount of money that a company pays to its employees.

Often appears as...

  • on the payroll
  • payroll system
Definition 1 of 3
Visual representation of "payroll"
LampPro Tip 1/3

Company Expense

Payroll reflects a company's financial obligation to its employees and is an expense on financial statements.

Illustration for Company Expense
The startup's payroll accounted for most of its monthly expenses.
LampPro Tip 2/3

Not Just Salary

Payroll includes wages, benefits, bonuses, and taxes - not just the basic salary.

Illustration for Not Just Salary
Her payroll package also included health insurance and travel allowances.
LampPro Tip 3/3

Business Size

A large payroll implies a big business, while a small payroll can indicate a smaller operation.

Illustration for Business Size
As the company grew, so did its payroll.
Visual representation of the word "Payroll"

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