Payroll And Its History

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Payroll And Its History
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• Most industrialized nations had some form of
  bookkeeping in place which would have resembled
  at least in part, what we now refer to as
  payroll. As merchants and their products expanded
  over the years, bookkeeping and payroll had to
  improve to enable them to better keep track of
  their sales and outgoings.
• Nowadays, companies must track their employees
  pay as well as their sales and outgoings, and
  with modern taxes and tax laws being in a
  constant state of change, having an accurate
  payroll system in place has never been more
  important.

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• Payroll over the centuries
• In fact, payroll has a long history, and while
  its early form may not so closely resemble what
  we now know as being payroll, a system of
  recording pay was in use even as far back as 7000
  BC. Archaeologists uncovered evidence carved into
  ancient stone, that depicted a record of payroll
  at approximately this period.
• Archaeological evidence also shows records of
  Greek payroll from Athens, as early as the 5th
  century, and these are perhaps the most closely
  related to the methods in use today. Payment
  details and records of financial transactions
  were chiselled into stone by public servants,
  treasurers and clerks, and was a highly
  effective, if painstakingly slow, method of
  tracking and managing pay.

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• But it was the 19th century industrial revolution
  that really saw payroll being developed into its
  most effective form employment on a much larger
  scale was underway to help manage increased
  production, and without a functioning payroll
  system, workers simply wouldnt have received
  correct and timely wages. According to some
  sources, this was when the term payroll was
  first coined and used.
• Computerised payroll
• The 1950s saw the early stages of development of
  the first computerised payroll system, when the
  LEO or Lyons Electronic Office, was created to
  try and control

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• basic clerical tasks. Initially used for
  valuations, it quickly progressed to managing
  other, more complex clerical tasks such as those
  centred around payroll.
• Payroll today
• In modern workplaces that employ even a small
  number of staff, an effective payroll system
  simply must be in place, and if it isnt,
  employees will soon begin asking questions,
  particularly if their pay isnt accurate or on
  time. Since employees are a vital element of any
  business, keeping them content is incredibly
  important, and all this usually takes is to give
  them fair working conditions and fair and timely
  pay.

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• Outsourcing payroll
• Letting an outside company deal with your payroll
  is often the best and most effective way of
  ensuring that not only do your staff get paid the
  right amount, and in a timely manner, but that as
  a business owner and employer, you remain tax law
  compliant.
• If youre a business owner and employer, you
  could save your company a lot of time and money
  by making a small investment in a professional
  payroll outsourcing solution.

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• Apollo Payroll is one of the premier small
  business payroll services companies in Miami and
  Coral Gables. Apollo Payroll is dedicated to
  delivering expert advice, responsive service, and
  highly accurate payroll processing and reporting
  to ensure the success and growth of the business
  that we serve. Our services include comprehensive
  payroll services in Hialeah and other cities in
  Miami-Dade County, employee background check and
  group health insurance in Miami Coral Gables.