What information is captured in company payroll preferences?

[Empxtrack user]

Why are payroll preferences required, and why does it need to be completed before processing payroll?

[Gunjan]

Company payroll preferences contain the organization-level information used to set up payroll. The fields displayed depend on the selected country and help determine the applicable payroll and statutory settings.

Completing these preferences helps ensure payroll calculations and validations are based on the correct company information.