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What is computerized payroll accounting? How does this expedite the process for paying payroll taxes?

What is computerized payroll accounting? How does this expedite the process for paying payroll taxes?

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Solution. Computerized payroll accounting as the name suggests encompasses use of computer to keep records and information of employees under a head for a given period. A company can use this process of computer generating records to keep updated with pay information of employees under him and IRS electronic filing system to process taxes.

This process expedite the process for paying payroll taxes as it automatically generates data from numbers inserted under different paid employee name with given national accounting standards and also saves data from employee's identification number to their payroll deductions during the paid period with the help of computer software opposite to manual process which is both time consuming as well as involves risk of miscalculation with help of IRS guidelines and system filing.

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