The Payroll XLS template streamlines salary calculations and employee payment tracking, ensuring accuracy and compliance with tax regulations. It features customizable fields for hours worked, overtime, bonuses, deductions, and tax withholdings, facilitating precise paycheck generation. Integrated formulas automate gross-to-net salary computation, reducing errors and saving administrative time. Compatible with Microsoft Excel and similar spreadsheet software, this template helps businesses manage payroll efficiently and maintain organized financial records.