Managing payroll involves ensuring that employees are paid accurately and on time. It entails tracking employee hours worked, calculating wages, producing paychecks, withholding taxes and deductions, preparing reports, and distributing payments according to the organization’s payroll process. Additionally, managing payroll also includes recording and filing necessary documents such as records of wages, taxes, payroll summaries, and other types of reporting. By taking care of these key tasks, businesses can ensure that their payroll systems run smoothly and efficiently – keeping both employer and employees satisfied.