I have been employed in a company for almost 3 years now and also worked over-time for a year and so sad to say that I got fed-up with the payroll system.
During one-year OT ,there is ALWAYS a mistake with my pay! Unbelievable but true.
It is not about over-paying me but underpaying me and I hate it!
Finally, I decided to make their life easy. Easier for them to calculate my pay and so I quitted OT.
My two immediate supervisors knew that it was the reason I stopped but then I gave a different reason to the managers.
I hope there will still be a change in the system..(I am keeping my fingers crossed)
Top 10 Payroll Mistakes:
1. Missing deadlines.
2. Misclassifying workers. Because of the growing number of temporary employees, consultants, and other independent contractors, it is essential that you properly determine the classification of everyone working for your company so you can determine how to report payroll information for tax purposes.
3. Neglecting to send 1099s.
4. Poor record keeping and data entry. .
5. Not properly handling garnishments, levies, or child support.
6. Miscalculating overtime pay.
7. Leaving too much responsibility to the software program.
8. Not saving payroll records.
9. Not maintaining confidentiality.
10. Not having adequate backup.
Tuesday, December 2, 2008
PAYROLL MISTAKES
Labels:
accounting,
employment,
over-time,
payroll system,
peachtree,
quicknbooks,
underpaid
Subscribe to:
Post Comments (Atom)

No comments:
Post a Comment