By Agile HRO
1. Verify Employee Information
- [ ] Confirm employee names, addresses, and identification numbers are correct.
- [ ] Update direct deposit banking details for all employees.
- [ ] Verify employee classifications (e.g., full-time, part-time, contractor).
- [ ] Ensure accurate employment statuses (active, terminated, new hires).
2. Reconcile Payroll Records
- [ ] Check gross pay against net pay for every employee.
- [ ] Reconcile all payroll transactions with bank statements.
- [ ] Verify tax and benefits deductions match payroll records.
- [ ] Ensure quarterly reports align with year-end totals.
- [ ] Review bonuses and overtime for accuracy and compliance.
3. Ensure Compliance with Global Tax Regulations
- [ ] Familiarize yourself with local tax rates, deadlines, and reporting requirements in all countries of operation.