What does a Payroll Accountant do?

The Payroll Accountant is responsible for ensuring accurate and timely processing of payroll for all employees. This role is crucial in maintaining compliance with payroll regulations and contributes to employee satisfaction by managing compensation efficiently.

What are the Key Responsibilities of Payroll Accountant?

  • Process bi-weekly or monthly payroll accurately and on time.
  • Ensure compliance with federal, state, and local tax laws.
  • Maintain accurate records of employee earnings, deductions, and benefits.
  • Reconcile payroll accounts to ensure accuracy in financial reporting.
  • Prepare reports related to payroll activities for management review.
  • Address employee inquiries regarding paychecks or deductions promptly.

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What are the Skills and Requirements for a Payroll Accountant?

  • Strong understanding of accounting principles related to payroll processing.
  • Proficient in using payroll software such as ADP or QuickBooks Payroll.
  • Excellent attention to detail and organizational skills.
  • Ability to handle confidential information with integrity.

What are the KPIs to track for Payroll Accountant?

The performance of the Payroll Accountant is evaluated based on the accuracy of processed payments, adherence to deadlines, compliance with tax regulations, and resolution time for any discrepancies or issues raised by employees regarding their paychecks.
Accuracy
Minimize errors in processed payments.
Timeliness
Adherence to established deadlines for all payroll cycles.
Compliance
Ensure full compliance with applicable tax laws
Reports to
Finance Manager
Collaborates with
HR Department, Finance Team
Leads

Are any specific tools or software required for the Payroll Accountant role?

  • ADP Workforce Now
  • QuickBooks Payroll
  • Microsoft Excel

What is the qualification of Payroll Accountant?

Bachelor's degree in Accounting or Finance; 2-4 years experience in a similar role handling complex payroll systems.