Employees that work in an organization are its assets. There is a responsibility of the management that they are looked after, that there is no pay difference owing to the race, age, disability or origins.
Further, the law also requires records are kept, that the contractors and employees be differentiated and treated likewise, that necessary deductions be made and that the deductions that the employees voluntarily make be done. You can opt for accounting services such as payroll at Prince & Co
Image Source: Google
Because the personnel in the business make it work, they are paid the compensation. Moreover, this payment is done with a rate that is fixed at the time of appointment, which should, at least, be the minimum amount prescribed by the state in which the business is located.
Law also dictates provisions relating to working hours and overtime as well as the pay rate for the extra hours worked. Retaining employees may also depend on the disbursement provided to them; after all, a faulty record keeping system cannot be left unnoticed as it may mean that the payroll calculation is not done, as it should be.
Accounting applications, online or not, make it easier to track the employees, thanks to the login and logout feature. Not only are they tracked and their activities registered, but the calculation of the total working hours is also done automatically.
These also help in controlling cases of fraud that may happen in the organization; after all, there may be cases where someone who has already left the company is being paid because of bad record-keeping.
On the other hand, there may be collusion whereby proxy attendance may be being done thus taking away the productive hours of the business while reaping benefit from it. While not all the cheatings may be controlled, most of them are.