Construction Work Accounting  Manufacturers, Traders, Suppliers

A pay slip, also called pay slip, is a written explanation of an employer towards his employee, how his salary or wages are composed both in the gross and net area. The gross salary is laid down in the employment contract. Tax and social insurance contributions are deducted from this gross salary, and the employee then receives the net salary calculated after these deductions as payment amount.Eine A Abrechnung usually contains the following information: Name and address of the employee and employer, personnel number, date of entry into the company, insurance number, group of persons, name of health insurance fund, number of children, tax class, amount of gross salary, amount of tax and social insurance deductions, net wage/payment amount, list of annual values and any commissions paid or other one-off payments. Most small and medium-sized enterprises have their employees' payroll accounted for by tax consultancies; large companies have their own payroll accounting in the company itself.Wage accounting takes place in monthly periods. Since January 1, 2010, employers must digitally transfer their employees' payroll data to a central data collection point using the ELENA procedure. On 22 September 2011, however, the Federal Cabinet decided to withdraw from the ELENA procedure. However, the exact exit date has not yet been set.