Payroll reconciliation is the process of ensuring that payroll calculations match actual payments made to employees—including taxes withheld and superannuation contributions—at the end of each pay cycle.
For instance, after processing payroll for a month, an employer checks that total wages paid align with reported figures on payslips while confirming that all necessary deductions were applied correctly.
Accurate reconciliation helps identify discrepancies early on and ensures compliance with regulatory requirements.
