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Payroll Processing Cycle - Steps 4 & 5: Generate Payroll Reports and Approval

In order to ensure accountability and accuracy, most companies will assign a different person to check and approve the payroll. This is usually the Human Resource Manager or Company Director.

Common reports generated for checking and approval include:

• Payroll Register;

• Timecard Reports (For Overtime/Undertime/Leave);

• Payments and Deductions Report;

• CPF Contribution Report;

• Payment Breakdown Reports (Bank Transfer, Cheque); and

• Variance Reports