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.
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