Wages and Salaries Book
A wages and salaries book is a tangible ledger that employers use to carefully document and monitor their employees' pay, hours worked, deductions, and required contributions. This book acts as a thorough financial record for payroll, compliance, and internal audits. It offers a clear, detailed overview of a significant business expense, makes it easier to handle staff inquiries regarding tax returns, and assists in demonstrating adherence to national wage regulations such as the National Minimum Wage.