A payroll calculator template is a unique document used for tracking the amount which is eligible to be paid to the employee. This document helps to confirm deductions you consider in your official statement of earnings. It is a useful tool for preparing the total amount of money which a company pays to those employees which are included in their payroll. A payroll calculator has great worth in the accounting field because it helps to identify the amount which is referred to an employee for a specific time frame, usually a month. This document is prepared after all deductions and including taxes, funds and other bonuses. A payroll calculator plays an important role in accounting or calculating the amount paid to the employees or labor for their work during the specific time period.