KEY CHALLENGES IN PAYROLL ACCOUNTING USING MODERN TECHNOLOGIES

Abstract

This scientific article provides a comprehensive analysis of the theoretical, methodological, and practical aspects of payroll accounting automation under the conditions of rapid digital technology adoption. It examines the economic nature of wages, their role in the socio-economic system of society, and their key functions, including reproductive, incentive, regulatory, and social functions. Special attention is given to the dynamics of changes in the minimum wage and its impact on the standard of living, labor market, and overall economic development. The role of accounting information systems in payroll calculation processes is also thoroughly considered. The capabilities and practical significance of the “1C: Accounting” software are analyzed in detail, particularly its application in automating personnel records and payroll calculations. It is noted that automation significantly improves the accuracy and efficiency of payroll processing; however, it is accompanied by several challenges related to information security, insufficient staff qualifications, system integration issues, and frequent changes in regulatory frameworks.