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Payroll Reconciliations
Gerald Whittmore, CPP Vice President of Payroll Xerox Business Services, LLC
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Contact Information Gerald Whittmore, CPP Vice President of Payroll Xerox Business Services, LLC 1303 Ridgeview Mailstop: R Lewisville, TX 75057 Office:
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Agenda Pre-Tax Deposit Reconciliation of tax liability for the payroll funding Balancing payroll deductions to the payroll register Daily Tax Recon Report Monthly reconciliation of the payroll bank account Quarterly reconciliation of tax withholding and other accounts Annual reconciliation of wages and tax
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Pre-Tax Deposit Reconciliation of tax liability
Reconcile employee and employer tax liabilities for each payroll cycle for funding
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Example of pay register
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Example of Recon for Tax Funding
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Balancing payroll deductions to the payroll register
Reconcile all deductions to the payroll register Special recon reports 401k and 401k loans Benefits United Way
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Example of Special recon report
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Daily Tax Recon Reporting
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Quarterly reconciliation of tax withholding and other accounts
Tax Accounts Download of data from tax reporting system Download of data from payroll system Mapping of the two system Spreadsheets of data to complete the recon
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Sample of adhoc Tax and Taxable wage recon
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Other Accounts to Reconcile
W2 Impacting Recons Stock Recon HSA Employee and Employer amounts
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Example of other Accounts to Reconcile
Stock Recon YTD data from Vendor YTD data from payroll system
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Example of other Accounts to Reconcile
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Annual reconciliation of wages and tax
Repeat all the Qrt Recon YTD Earnings and Tax YTD Stock YTD HSA Employee and Employer amounts Ensure all Variance have been addressed
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Questions
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Contact Information Gerald Whittmore, CPP Vice President of Payroll Xerox Business Services, LLC 1303 Ridgeview Mailstop: R Lewisville, TX 75057 Office:
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