Organization and an agreed-upon payroll process are essential to a business due to the legal accountabilities involved with employee payroll. The payroll process involves identifying risks such as entering incorrect employee information into the system and making unauthorized adjustments to employee hours. In this sample process flow, we walk through the steps of a payroll process.
This process flow focuses on the payroll process and includes steps such as:
- Employee Changes and updates processing
- Payroll processing and adjustment
- 401(k) reporting
This document should be used as a general guide to understand and review this business process. Organizations should customize this tool to ensure that it reflects their business operations and continuously monitor the process to ensure that the steps described are accurate.