After the Fact
Entry method that includes entering information into the system after the actual check has been written.
Gross to Net
Payroll entry method when the taxes are being calculated at the time of the entry based on the actual Gross amount of the pay check.
Net to Gross
Payroll entry method when the taxes are being calculated at the time of the entry based on the Net amount paid to Employee. The Gross amount will include appropriate tax amounts that have to be paid by Employer.
Direct Deposit
Automatic transfer of payroll checks’ amounts to Employees’ bank accounts by means of electronic funds transfer.