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Payroll Process Report

The Payroll Process Report, PAY00505, is the key report for payroll funding, payment liabilities, and all other banking transactions, both ACH and check payments, associated with the payroll. All tax liabilities and what liabilities were escrowed and when they will be paid are included. This is the most popular payroll funding and balancing report.

After a payroll has been posted, the Payroll Process Report provides a detailed analysis of the payments and bank account funding.

Business Scenario

Often, a Payroll Processor uses the Payroll Process Report to balance and reconcile check and ACH transactions for a given payroll. This report may also be used as the supporting documentation for the ACH file processing for the payroll.

The Payroll Process Report details all banking transactions, both ACH and check payments, created in a payroll process, including the following:  

• Gross payroll and tax funding summarizes Gross pay, employer taxes, employer deductions, and the service fee payment.
• Direct payroll payments and funding totals employee checks, employee ACH advices and vendor, tax and fee payments.
• The Tax liability summary details the total taxes by tax code and broken down between employee and employer.
• The Payroll deduction vendor and tax agency direct and escrowed payments details these payments by vendor/Agency, it includes the payment date and the payment due date of escrowed payments. It also references the bank accounts being debited and Vendors and/or agencies being credited in the payroll process.
• Manual and Void payments details the manual and/or voided checks processed within a payroll process.

Payroll Process Report, PAY00505