A monthly payroll means that employees get paid monthly on a date that you specify in the employment contract. This might seem like an obvious answer, but there’s a lot more to payroll than meets the eye! Not only is payroll the list of company employees, but it also outlines the amount of money that’s due to be paid to each employee. This includes salaries, bonuses, wages, commission and statutory payments. Payroll is extremely important, and the policies and procedures outlined by HMRC must be adhered to within the dates that it provides. We know it can be quite overwhelming to keep on top of payroll, but don’t worry. We’ve collated the need-to-know information about administering a monthly payroll, including why outsourcing it might be the best thing for you and your business!