5 Things You Can do to Avoid Payroll Mistakes

Did you account for vacation? Did they get a bonus this month? What about the overtime they worked for you last week? As simple as adding an extra zero can get you into trouble and cause hours of extra work that could have been avoided. Also, the last thing you need is your employee to be getting paid for hours he/she didn't work or not getting paid for hours that they did work.

Have A Two Week Lag Time On Your Payroll Having a two week lag time on your payroll allows for you to catch any mistakes made by your hourly workers, commission that needs to be added, holiday pay etc. Giving yourself some lag time also ensures that there is enough money in your account to process payroll. Giving yourself ample time allows for you to catch any mistakes on your end as well as theirs. Your Double Checks Lastly, you should have a system that double checks any mistakes that you may make while processing your payroll. For example, payroll software that catches any areas you may not have entered proper information and makes sure that the information for employee matches with the information that is currently in the system.