Once payroll has been calculated, Buddy recommends checking and reconciling with the values you intended to include in the payroll. Ensuring that the payroll has been calculated as expected and the correct amounts are going to be paid.
Concluding Payroll
In order to conclude payroll, you must first calculate all the employees correctly and have checked that this is the amount that they need to be paid through any Timesheets, base hours, Overtime or any other allowances and adjustments.
Once the payslips have been all calculated, you can then scroll to the very bottom and click on 'Continue to Summary'
Once this has been picked, you will see the below screenshot.
Here you can see two pie charts, the first one on the left shows the amount in Gross per Department, while on the other side it breaks down the amount being paid based on Net, NIC and PAYE.
Checking the values through Payroll Reports
Once you have concluded payroll, Buddy will swiftly and automatically generate all the necessary reports for you such as The Payroll Reports, Tax Forms, Payslips, and Salary Files.
Downloading the Payroll Report and reconciling it with the values you are expecting to pay the employees is a necessary practice in order to ensure that your payroll is Calculated and Finalised correctly each time.
Payment Files
Through Payroll History you will be able to find the download buttons for the Bank File, Payroll Bank + Net Report and Cheque Report.
Payslips
Apart from the salary, the Payslips are the most integral and sensitive part of running payroll and since these are sent directly to the employees it is of utmost importance that they are correct from the get-go in order to reduce the number of queries from your employees.
Therefore Make sure to view each payslip and confirm the details are showing correctly. Certain Points which are important would be the Leave, Net, deductions and Leave Balance.