Reconciliation in accounting involves verifying transactions are in balance and apply to the correct account. For instance, when reconciling payroll, a payroll transaction involves different accounts.

Unpaid salaries are salary liabilities that you have incurred but have not paid. You must record all accrued salaries, employment taxes and related compensation expenses in the same period in which ...

An employer, regardless of the number of workers they employ, must maintain all records pertaining to payroll taxes (income tax withholding, Social Security and federal unemployment tax) for at least ...

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Payroll and HR software and outsourcing provider Paychex has introduced a real-time data integration from the Paychex General Ledger Service to QuickBooks Online. Processing Content Accountants have ...

The Fair Wages and Salaries Commission (FWSC) has recovered GH₵348 million from fraudulent entries on the public payroll. This follows a nationwide audit aimed at removing unauthorised names from the ...

Traditional payroll systems don’t meet modern business expectations. As a result, many employees outside of payroll are spending considerable time on related data entries, manual adjustments, and ...

BUFFALO, N.Y. (WIVB) — A former employee of the Buffalo Police Department has admitted to fraudulently collecting overtime pay. Monica Lalley, 54, used to work as a report technician. Between March ...