article thumbnail

The Importance of Payroll Systems in Conducting Thorough Payroll Audits

Qandle

Payroll is a crucial aspect of any organization, as it involves the compensation of employees for their work. However, managing payroll manually or without proper oversight can lead to errors, discrepancies, and even compliance issues. This is where a payroll audit becomes essential. What is a Payroll Audit?

article thumbnail

Rescue Your Business With a Payroll Audit

Patriot Software

Running payroll accurately is arguably one of your most critical employer responsibilities. But even if you use a reliable payroll processing system, there’s room for user error. You might input numbers incorrectly, forget to add an employee’s pay raise, or fail to remove a terminated employee from your payroll.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Rescue Your Business With a Payroll Audit

Patriot Software

You might input numbers incorrectly, forget to add an employee’s pay raise, or fail to remove a terminated employee from your payroll. The post Rescue Your Business With a Payroll Audit appeared first on Payroll Tips, Training, and News. To combat these potential problems, conduct […].

article thumbnail

Why you need a regular business process and payroll audit review

Ascender

Why you need a regular business process and payroll audit review. Additionally, payroll could be a potential compliance challenge for many HR and payroll professionals in any business. One of the ways to maintain a good degree of compliance is to start with a payroll audit.

article thumbnail

7 Steps to Auditing Your Payroll | BerniePortal

BerniePortal

It’s also complicated, and mistakes make payroll even more costly. Here’s how to conduct a payroll audit, including why it’s important in the first place and seven steps to get you started. But you don’t have to wait till an employee complains or the government calls to make corrections and stay compliant.

Payroll 90
article thumbnail

Department of Labor Ends PAID Program: What This Means for Your Small Business

Patriot Software

Department of Labor (DOL) ended its Payroll Audit Independent Determination (PAID) program on January 29, 2021. And if you participated in the program, you may have a lot of questions. So, what does the end of the PAID program mean for you and your business? What is the PAID program? The DOL created […] READ MORE.

article thumbnail

Time for a payroll health check?

Ascender

This has led to numerous companies being caught out and penalised for not properly accounting for payroll taxes withheld or underpaying employees. In some instances, it’s not necessarily a compliance issue but instead, companies are just throwing away money due to out-of-date payroll processes.

Payroll 74