US Payroll – Step 10: Reconcile Each Period

1️⃣ Match Records – Reconcile payroll register with tax deposits & general ledger (GL).
👉 Example: Payroll shows $5,000 tax withheld, but bank shows $4,800 → investigate $200 difference.

2️⃣ Fix Discrepancies – Correct missed withholdings, wrong entries, or bank mismatches right away.

3️⃣ Why It Matters – Ensures accuracy, prevents IRS notices, and keeps payroll books clean.