Does Payroll report to HR or Finance?
I'm interested in getting feedback from large employers (over 100 employees) with out-of-state employee and have somewhat complex payroll (lots of deduction and earnings codes, various incentive programs-commission & bonuses, fringe benefits, recording manual checks). I'm trying to determine the most appropriate structure in regards to payroll employees.
Do the employee(s) processing the payroll report to Finance/Accounting or Human Resources dept? Who records all the payroll related journal entries? Is it asking too much for an HR employee to be a "numbers" person?
Currently we split the function between HR and Finance. HR handles the Master payroll changes and but Finance handles any "numbers" related input (check caluclations, bonus/commssion input). The bulk of the payroll processing falls into Finance. The Finance employee who works on the payroll also records all the journal entries.
Thanks in advance for your input!