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 Hourly pay is compensation paid to an employee based on the exact number of hours they work, calculated by multiplying a predetermined hourly rate by the total hours worked. Unlike a fixed salary, an hourly worker's earnings vary with their hours, and they are typically compensated at an increased rate (overtime pay) for time worked beyond a standard work week, such as 40 hours. 

Salary pay refers to a fixed amount of money paid to an employee for a specific period, usually a year, regardless of the exact number of hours worked. Unlike hourly pay, which is tied directly to hours worked and eligible for overtime, salary pay is a consistent sum received in regular intervals (e.g., biweekly or monthly), providing stability in earning.

Payroll reports are documents that summarize employee wages, deductions, and taxes for a specific pay period, helping businesses ensure accurate payments, manage cash flow, and comply with tax laws. Key information includes hours worked, gross pay, withholdings, and employer contributions. Common types of payroll reports are company-wide summaries, individual employee reports (like pay stubs), and tax reports for government agencies

• Recruitment and hiring.
• Training and development.
• Employer-employee relations.
• Maintain company culture.
• Manage employee benefits.
• Create a safe work environment.
• Handle disciplinary actions.

Accounts payable duties include invoice processing, matching them with purchase orders and receipts, recording transactions in accounting systems, preparing and processing payments via checks or electronic transfers, reconciling vendor statements and bank accounts, maintaining accurate financial records, managing vendor relationships and communications, and supporting audits and month-end closing procedures.

Accounts receivable duties include managing customer accounts, generating and sending invoices, tracking and collecting payments, resolving billing issues, reconciling accounts, and producing financial reports to ensure healthy cash flow for the business. These tasks ensure that money owed to the company is collected efficiently, accurately recorded, and helps maintain strong financial health.