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How often should payroll be reconciled?

a. Hourly

b. Once per payroll period

c. Weekly

d. Annually

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Question added by Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group
Date Posted: 2015/03/28
Aneesh Babu Puthalath
by Aneesh Babu Puthalath , Senior Accountant , IDS

Option B is correct answer - Once per payroll period,

Nazeer kadhar
by Nazeer kadhar , Administrative & sales coordinator , Ercon Switchgear, Dubai

Reconciling your payroll at the end of each pay cycle is essential. If your calculations or expense entries are incorrect, other areas of financial reporting and accounting will also be incorrect. When possible, it’s best to perform these checks at least two days prior to your actual pay date so you have time to correct any errors before checks are distributed to employees.

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