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.