Payroll is the process by which employers pay an employee for the work they have completed. Any business with employees should have a payroll management process established. An effective and efficient payroll process ensures that employees are paid accurately and consistently and gives HR the chance to focus on other aspects of their job. Payroll seems simple at its core but becomes complicated because of the various deductions that come into play. Employers must thoroughly understand how to do payroll, how to withhold taxes from each pay check, and how to make sure taxes are paid to the correct government agency. Employers may also be responsible for deducting and paying premiums for insurance and depositing funds into retirement accounts or to selected charities. Payroll management duties can create a huge burden and unwanted stress for small business owners and can be overwhelming for large businesses. A missed deadline or incorrect filing of taxes can result in fines or jail time. To avoid these issues, every small, mid-sized, and large business should use payroll software.