Payroll reconciliation is a verifying process of salary that was paid to employees was accurate or not. In this process, whether the taxes to the Govt. were paid, reported correctly, and proper accounting of payroll was done should be checked.
It is the process of checking payroll transactions and comparing the current payroll to the prior month in order to ensure that payroll is computed correctly and without errors. This process helps to maintain a company’s financial health by keeping accounting and reporting accurate and error-free.
These details must be correct during Payroll Reconciliation process:
Also, See: Payroll Outsourcing
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