Get a NZPPA Micro Payroll Audit!

Getting payroll wrong is a high risk for any business, and if not identified quickly, it could become a major cost to the business. This is not just in terms of money (which can be substantial) but in the amount of time involved trying to resolve any issues identified, which can impact the business if the issues are published and undermine the relationship with employees.

Payroll amounts to the largest, if not the second largest, cost a business has. If there is a list of risks for a business to manage and eliminate, payroll should be near the top of that list!

NZPPA Micro Payroll Audit
NZPPA has been involved in payroll auditing since it was formed back in 2007. Over that time, we audited payroll for businesses of every size and in different work environments. From the knowledge we have acquired, we have now developed a special Micro Payroll Audit methodology that can be used in any business.

The Micro Payroll Audit has been developed to make key checks of critical areas of payroll to identify if there are any issues, what has caused these issues, and give recommendations on what needs to be done to resolve them. The key areas why a business or payroll should think about having an audit undertaken are:

  • Provides reassurance to management that payroll is compliant and meeting best practice principles.
  • Provides an external set of eyes that can validate how payroll is run is meeting business needs.
  • Confirms compliance with key legislative requirements (especially the Holidays Act).

The NZPPA Micro Payroll Audit covers the following 5 areas:

  1. Micro System Audit of the Payroll System covering – all configurations, both Paycodes, Gross Earnings, Leave Setup and Calculations.
  2. A one-to-one walk-through with the payroll practitioner of the payroll system (remote access and using an online meeting app). The purpose of the walk through is to review how payroll is processed end-to-end based on payroll best practices in terms of (compliance, security, payroll cost and time).
  3. Online Assessment of Payroll Team Knowledge for review of Professional Development requirements
  4. Completed Findings Document and Summary of Recommendations
  5. Findings Review Meeting

If you want to find out more and get a no-obligation FREE quote, please email: [email protected]