Payroll

A payroll is a company's list of its employees, but the term is commonly used to refer to:

Payroll in the sense of "money paid to employees" plays a major role in a company for several reasons.

From an accounting perspective, payroll is crucial because payroll and payroll taxes considerably affect the net income of most companies and because they are subject to laws and regulations (e.g. in the US, payroll is subject to federal, state, and local regulations).