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Payroll Reconciliation and Reporting Guide

 

Learn best practices to create a process and procedure for developing payroll audit and reconciliation tools.

Most employers have several different types of earnings, fringe benefits, health insurance deductions, garnishments, etc. Each of these payroll pieces are guided by legislative, regulatory and reporting requirements. Payroll errors can cost an organization thousands of dollars. Payroll professionals are processing a huge amount of numbers and data each payroll cycle. Without a solid segregation of duties, fraud can occur. Even if strong segregation of duties are in place to ensure integrity and prevent fraud, several individuals will be entering and processing the information, leaving room for error. Payroll costs are the largest expense of any organization. Implementing solid audit controls, reconciling your payroll, and discovering the source of errors and correcting them is key to a cost savings and a correct paycheck.

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Payroll Reconciliation and Reporting Guide

Agenda

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Payroll Reconciliation and Reporting Guide

Faculty

Tricia Richardson, CPP, SPHR, SHRM-SCP

Tricia Richardson, CPP, SPHR, SHRM-SCP

Purposed Payroll Professional

  • President, Purposed Payroll Professional
  • Human capital management consultant, payroll and human resources best practices, regulatory compliance audits
  • Conducts regular webinars on all topics related to human capital management and payroll processes, regulatory compliance, and best practices
  • Regular contributor to Paytech Magazine
  • National speaker for the American Payroll Association, Payroll Certification Study Group Leader, Human Resource Certification Study Group Leader
  • Bachelor’s degree in management studies with a minor in psychology, University of Maryland University College
  • Can be contacted at [email protected]
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Payroll Reconciliation and Reporting Guide

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