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What types of regulations requiring periodic reporting, both monetary and statistical, come along with the payroll function, and what are the reports required?
payroll accounting has the responsibility of understanding and complying with all governmental payroll regulations and reporting requirements. [ These activities may be determined weekly, monthly, quarterly, and annually depending on the governmental agency and applicable regulation. What types of regulations requiring periodic reporting, both monetary and statistical, come along with the
payroll function, and what are the reports required? Is the payroll function best performed within the company, or is outsourcing a better approach to payroll processing? What are the positives? ]
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User: What types of regulations requiring periodic reporting, both monetary and statistical, come along with the payroll function, and what are the reports required?





Weegy: payroll accounting has the responsibility of understanding and complying with all governmental payroll regulations and reporting requirements. [ These activities may be determined weekly, monthly, quarterly, and annually depending on the governmental agency and applicable regulation. What types of regulations requiring periodic reporting, both monetary and statistical, come along with the payroll function, and what are the reports required? Is the payroll function best performed within the company, or is outsourcing a better approach to payroll processing? What are the positives? ]
Expert answered|user1583|Points 851|

User: Is the payroll function best performed within a company, or is outsourcing a better approach to payroll processing?

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Asked 9/14/2011 9:34:54 AM
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Questions asked by the same visitor
What effect does an employee's access to salaries have on the morale and effectiveness of an organization?
Weegy: Whenever an employee is being underpaid, he or she will become more stagnant towards being a productive worker. This is turn causes morale of an organization to decrease. User: Does it matter to you if other workers in your department are privileged to your private information? (More)
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Asked 9/9/2011 11:05:06 AM
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What controls are most effective in avoiding a "busybody" in the organization accessing this information?
Weegy: No one has a tattoo stamped on their forehead that states, "I AM NOSY".. therefore this question can not be answered successfully.. [ You would have to trust those in charge in hiring the best people and even there, some good people are naturally curious.. If you can't trust management then your no worse off than if you trusted your own feelings. It happens, we can't control it 100%.. Do not get involved if you have a bad feeling about ... (More)
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Asked 9/9/2011 11:14:02 AM
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Does it matter to you if other workers in your department are privileged to your private information?
Weegy: Yes, it matters to me. (More)
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Asked 9/9/2011 11:21:02 AM
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Why does it matter to you if other workers in your department are privileged to your private information?
Weegy: Hi- some people would be offended for others to be able to access their private information. They may be concerned about coworkers being able to see their work reviews or records. They may fear they may see their wages or other compensation. (More)
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Asked 9/9/2011 11:23:29 AM
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Actually a company can have some solid internal controls in place, more so they are required under the Sarbanes-Oxley Act, SOX Act. If you were in charge of the Sarbanes-Oxley Act,SOX Act what would you do about implementing controls?
Weegy: I'm not sure what you mean by implementing controls. The Sarbanes-Oxley Act of 2002 was passed in response to a number of major corporate and accounting scandals involving prominent companies in the United States. [ [ These scandals resulted in a decline of public trust in accounting and reporting practices. The Sarbanes-Oxley Act's major provisions include: - Certification of financial reports by chief executive officers and chief ... (More)
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Asked 9/12/2011 1:43:28 PM
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