 In this presentation we will introduce the topic of payroll. Discussing the first question whenever we have a new topic and that is what is it? Why do we need to learn it? Why learn payroll accounting? There's going to be many different reasons to learn payroll accounting. One from an accounting standpoint we'll learn the journal entries related to payroll and those are going to be some of the more complex journal entries there are. They're going to be longer journal entries, more complex journal entries because of the types of laws and regulations that have been put in place including withholding laws and tax laws. So just from an accounting standpoint it's really a good practice to learn the debts and credits related to payroll because they are journal entries that many people even accountants don't understand well. The other reason to know payroll is of course it's a huge expense to the company. Payroll is usually one of the larger expenses that companies need to pay in order to stay in operations and therefore it's really significant from a managerial.