What are monitoring methods for Payroll activities?

Methods for Payroll Activities includes review of annual compensation across all forms of pay, use and level of overtime, use of leave like vacation, sick and PTO    and volume of hours worked by temporary staff.

I hope this will help you .

I agree with answer given by Mr.Vinod Jetley.

Payroll Controls

A department’s responsibility includes maintaining an effective system of monitoring and oversight to ensure the accuracy and validity of its payroll.

There are a series of high-level steps for controlling payroll payments. Each step must be evaluated for proper controls based on the type of time/attendance data collection system that is used in the department and for payroll transactions for individuals who are not required to report time data. Controls for two basic types of time collection systems – time data collected using hardcopy time reports and time data entered electronically by staff members. Different controls are necessary depending on the time collection system.

The steps are:

Collecting time worked and exception time for non-exempt staff and exception time for exempt staff

• Approving collected time data

Regardless of the method used to collect time data, time data must be approved prior to the hours being used in the payroll process. Individuals approving the time data must have direct knowledge that hours reported by the staff member are true and accurate or receive some form of assurance from the person who can verify or attest that the hours reported are true and accurate.

• Submitting time data
• Verifying payroll transactions

The department is responsible for verifying that payroll transactions are accurate.

Regardless of the method of time data collection, the department must verify the accuracy of payroll amounts and General Ledger transactions by comparing the payroll transaction to the appointment and funding information in the HRMS M-Pathways data base. Departments using hardcopy time reports must also verify the accuracy of the time reported on the Gross Pay Register.

• Monitoring payroll

Monitoring of payroll activity at a management level rather than at a transaction level review. This monitoring includes review of annual compensation across all forms of pay, use and level of overtime, use of leave (vacation, sick and PTO), and volume of hours worked by temporary staff.

Agree with Mr. Jetley........

I support the answer of Mr. Divyesh Patel and Mr. Vinod Jetley.

Agreed with previous answer.

Thanks for the invitation

Well........Agreed with both answers given by

Mr.:Patel & Mr.:Jetley as well too