Which step in the payroll system occurs after calculating gross pay?

The step that occurs after calculating gross pay is the production of payslips. After gross pay has been determined, it is essential to inform employees about their earnings, deductions, and the final net pay they will receive. Payslips serve as a formal record of this information, breaking down the gross pay into various components such as taxes withheld, benefits contributions, and any other deductions.

This step is crucial for maintaining transparency and allows employees to understand how their pay is derived. It also serves as a way to communicate any changes or updates to their payroll information in a clear and structured format. Therefore, producing payslips directly follows the calculation of gross pay, making this step a critical link in the overall payroll process.