What is defrence between payroll and third party payroll

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Payroll is the process of calculating and distributing employee salaries by the company itself, while third party payroll is when a separate company is hired to handle payroll tasks.

Payroll is done in-house by the company's HR or finance department, while third party payroll is outsourced to a specialized payroll service provider.
With payroll, the company directly manages all aspects of employee compensation, taxes, and benefits, whereas with third party payroll, the external provider takes care of these tasks.
Examples of third party payroll providers include ADP, Paychex, and Gusto, while companies like Google or Microsoft may handle their own payroll internally.

What is defrence between payroll and third party payroll

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