Question: Answer the following questions: Why is it important to perform payroll reconciliation? What is the purpose of a payroll register? What entries should be made

  1. Answer the following questions:
  1. Why is it important to perform payroll reconciliation?
  2. What is the purpose of a payroll register?
  3. What entries should be made to a general ledger and a payroll journal?
  4. As part of the reconciliation process, what checks and verifications should be made to ensure all pays are correct?
  5. What is an employee earnings record and why is it important to maintain one?

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