In this question, the candidate will explain about the main functions like reconciling, reviewing, processing and validating the employee records.
Common mistakes happen during Payroll process,
☛ Setting up Payroll Incorrectly
☛ Paying or deducting more money to employees account
☛ Forgetting to Record Paper Checks
☛ Submitting Deposits Late or Incorrectly
☛ Ignoring to run payroll on time.
I believe in hard-work through attention to detail. Also, I have good numeracy skills, and computer and data entry proficient.
A payroll system is a software which organizes all the tasks of employee payment and the filing of employee taxes. These tasks can include,
☛ Tracking employees working hours
☛ Calculating wages
☛ Withholding taxes and deductions
☛ Printing and delivering checks
☛ Paying employment taxes to the government
This contains the useful data regarding the withholding of tax and eligibility ratio calculations. This is needed by the employee while processing and forwarding tax information.
Payroll is the term used for the compensation a business must pay to its employees for a set period of time or on a given date.
This will include the making of various reports like deduction reports, wage type, leave or absentee reports, new hire reports, LWAP reports and many others.
The methods to manage Payroll includes,
☛ Doing it yourself by hand
☛ Using employee payroll software
☛ Outsourcing payroll
☛ Assisted payroll
The good work done by you in your previous job will be explained in this question by the interviewee. This could include the initiation of other useful forms like promotion, expenditure, incentive forms, reimbursement forms and so on.