Too often, it's easy to overlook the minutiae of payroll processes, which can result in costly errors and time-consuming corrections. Even the smallest of payroll slip-ups can snowball into long-term issues and increased expenses, especially if those mistakes continually occur.
The good news: most common mistakes are avoidable. Auditing, testing, reporting, and other "checks and balances" can confirm that your payroll is accurate the first time. But when mistakes happen, it's important to determine what occurred and why, and then identify the root causes so they don't happen again.
Following are some of the top 10 payroll pitfalls, along with practical ways to prevent them.
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