Remove Database Remove Reconciliation Remove Record Retention
article thumbnail

What is Payroll Accounting & How to automate it?

Nanonets

These regulatory agencies control the amount of taxes withheld, how benefits and garnishments are paid and record retention requirements. Step #5: Reconcile Payroll The final stage of payroll accounting is to complete the payroll reconciliation. Furthermore, payroll reconciliations also help you stay on track with a budget.

Payroll 52