It's a fact of business—if a company has employees, it has to account for payroll and fringe benefits!
In this explanation of payroll accounting we will discuss the following payroll-related items:
Gross salaries, wages, bonuses, commissions, and overtime pay
Payroll taxes withheld from employees' gross pay
Payroll taxes that are not withheld from employees and are an expense of the employer
Employer-paid time off for holidays, vacations, and sick days
Other employer expenses including worker compensation insurance, medical insurance, and others