Checklist for Payroll Processing

 
Are you arranging for your employees to be paid for the first time or organizing your current process? A great way to go, is to create a written payroll processing checklist. Payroll processing can be made easier by checking the following items to make sure you have them addressed in your written process.
 
Having a payroll checklist can help you avoid oversights that can lead to legal penalties and embarrassing hassles fixing mistakes on paychecks.
 
Payroll Planning:
  1. Which employees are on an annual salary, and which ones are being paid hourly?
  2. How are the hourly employees recording their time (time clocks? Time Sheets?)
  3. Will you cut checks, or offer direct deposit?
  4. What deductions will you handle? Benefits? 401(k), health insurance, disability?
  5. How will you factor in overtime and bonuses?
  6. How often will you cut checks?
  7. What is the process for getting new-hires into the system?
  8. How are pay changes and terminations handled?
  9. Who is allowed to make schedule changes, and changes to pay rates?
  10. What are your policies for missing work? (sick days, holidays, maternity leave, vacation pay, etc.)
  11. Will you outsource your payroll processing so you can stay focused on your sales?
For more free templates and forms, please seeout main Business Forms Online page. We also offer a variety of frequently needed blank business forms, free templates and example letters in our free business form templates news category. 
 
 Modern Business Associates frequently deals with payroll outsourcing.  As a Professional Payroll and HR outsource organization, our clients rely on us to help them effectively deal with these kinds of topics.