Payroll
Payroll Accountant’s Checklist for September
What should you be doing in your payroll practice this month? Here's your Payroll checklist for September.
Sep. 10, 2014
Payroll accountant’s checklist for September:
- Replenish payroll-related office supplies.
- Assess current payroll software for inefficiencies and outdated features
- Start initial strategic planning for the year ahead
- Help your clients run payroll adjustments for any year-to-date corrections
- Work with your clients to get necessary data from other departments to track any taxable payments to employees that were not made through the payroll department; tax and post any required adjustments.
- Send client reminders about upcoming holidays and suggest they advise employees of any changes to deadlines for submitting time sheets during the holidays.
- Review executives’ nonqualified deferred compensation plans to ensure the correct amounts are withheld from distributions.
- Suggest that clients remind employees to review amounts in health flexible spending accounts to avoid forfeiting any amounts left in the account at the end of the plan year.