Some key services that should be included in payroll services.
Payroll reconciliation is the process by which you ensure that you have appropriately paid all your employees. Payroll reconciliations are usually performed every year or month.
Payroll reconciliations also ensure that you have made the correct tax deductions from your employees and contributions on their behalf. It will help you ascertain the state of other deductions as well such as health insurance and charitable donations.
The following are some tips to help you improve your end-year reconciliation so it is not a painful and cumbersome process.