User: What types of regulations requiring periodic reporting, both monetary and statistical, come along with the payroll function, and what are the reports required?

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Auto answered|Score 1|kumitangperaol|Points 40|

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Weegy: payroll accounting has the responsibility of understanding and complying with all governmental payroll regulations and reporting requirements. [ These activities may be determined weekly, monthly, quarterly, and annually depending on the governmental agency and applicable regulation. What types of regulations requiring periodic reporting, both monetary and statistical, come along with the payroll function, and what are the reports required? Is the payroll function best performed within the company, or is outsourcing a better approach to payroll processing? What are the positives? ]
Expert answered|user1583|Points 851|

User: Is the payroll function best performed within a company, or is outsourcing a better approach to payroll processing?