Payroll software service refers to a digital solution or platform that assists organizations in managing and automating their payroll processes. It typically includes features such as calculating employee wages, withholding taxes, generating pay stubs, and facilitating direct deposit or salary disbursement.

Example

XYZ Company subscribes to a payroll software service that automates the calculation and processing of employee salaries, tracks attendance and leaves, generates payroll reports, and ensures compliance with tax and labor regulations.