What does “Payroll” mean in bookkeeping?
Payroll: Paying employees and handling the taxes taken from and added to their pay. Many small businesses use a payroll service such as Gusto or ADP.
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This term comes up in later lessons. Start with the free first lesson or see the full learning path.
Related terms in US tax and payroll
Written for US bookkeeping. Last reviewed November 5, 2026. See all 100 terms.