Internal Controls over Payroll

Payroll costs are a significant cost for most Entrepreneurs. What type of internal controls have you established over the entire payroll processing process?

Some of the questions to ask – who sets up new employees, how are pay rates established and changed, who approves hours worked, is there a process to authorize overtime, who reviews payroll, is payroll reconciled, how are paychecks distributed?

Establishing internal controls over payroll processing is necessary to control this significant cost area.

Ravi Patel

www.patelCFOservices.com

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