What report are provided to accounting dept. from payroll every month? What reports are generate at end month, qtr & year end in payroll dept?

Correct Answer: For making accounting entries the accounting dept will need the total transactions of the particular payroll run grouped into various expenditure/liability/Income items like salary,loans,ees pension,ers pension,tax, PF/NI etc This information should be employee wise & relevant cost center of the employee(in a large organisation) Mostly payroll will have expenses/liabilities only Few payrolls might have Income also To be specific to the reports bit of your question following reports are produced 1) Net pay reconciliations report 2) Deductions report comprising all voluntary and non voluntary deductions 3) Payments report 4) Costing report 5) Exceptions report 6) High pay salary report 7) No pay salary report