The Miscellaneous Deductions / Insurance Report provides a detailed breakdown of non-standard payroll deductions such as insurance premiums, benefit contributions, and other miscellaneous deductions for employees during a selected date range. This report ensures accurate tracking of deductions for compliance, reconciliation, and employee inquiries.
When to Use It
Payroll Cycle Review: To verify insurance and miscellaneous deductions before finalizing payroll.
Benefits Administration: To monitor deductions related to health insurance and other benefit programs.
Audit Preparation: To provide detailed deduction records for internal or external audits.
Financial Reconciliation: To reconcile deduction amounts with accounting and benefits records.
Who Uses the Miscellaneous Deductions/Insurance Report, How Often, and Why
