BALANCE YOUR PAYROLL ACCOUNT – MAKE SURE YOU HAVE PAID THE CORRECT AMOUNTS TO YOUR EMPLOYEES AND THE ATO
RECONCILE YOUR PAYROLL ACCOUNTS
You should all be using a software program for your payroll and you need to reconcile this account to make sure it balances with what you have submitted and how much PAYG Withholding you have paid to the ATO.
- Run a payroll summary report – Make sure you select all employees
- Run the General Ledger Report – Select the financial year
Use the following table to check your payroll data by matching the report balances in your Payroll Activity Summary report and the General Ledger report.
| Payroll Activity Summary | General Ledger Summary | |
| Total Earnings | should match | Total Wages & Salaries |
| Total Super | should match | Total Superannuation |
| Total Tax | should match | Total PAYG Withholding Payable |
You can lodge your payment summaries from your software program by going to End of Year reports and then select Payment Summaries.
Review to make sure all are correct and before submitting to the ATO