There are many skills and knowledge that are needed for managing a company. One of them is payroll budgeting for company owners. Payroll is a recurring cost, and paying out the salaries of the employees on time and correctly, it is a cornerstone of trust and reputation.

Payroll is a significant cost in the case of non profit organizations. The money to cover the payroll costs is coming from funders and from grants. Funders have specific requirements for employee compensations. The payroll of non-profit organization has to comply to the legal and at the same time to the funder's requirements too.

Each country has its own laws and regulations regarding payroll. Knowing and applying them will result in correct net wages to the employees