As a Payroll Intern, I use Excel at work to reconcile a biweekly payroll. This includes (1) Organizing and sending out a FYTD Overtime Report to the Finance department, (2) Reconciling Employer/Employee healthcare payments, (3) Updating a master sheet with the payroll details of each employee, (4) Creating a check distribution sheet for individuals to sign when they retrieve their paychecks and (5) Archiving documents that is not needed in the office.
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I agree, using excel is a great tool to perform tasks such as payroll as it permits the user to log, view, and analyze critical data to reduce the costs of a business.