04 Dec 2024

PreBuilt HCM Report for Pay Period Validation: A Critical Tool for Payroll Accuracy

DataTerrain’s PreBuilt HCM Report for Pay Period Validation is designed to ensure payroll accuracy by focusing on Retention and Severance Payments for both executive and non-executive employees. This report identifies potential overpayments and tracks employees receiving severance or retention payments during a pay period, helping organizations maintain compliance and accuracy in their payroll systems.

HCM Report for Pay Period Validation ensures payroll accuracy, tracks payments, and supports compliance reporting.

Key Parameters for Payroll Validation

This report offers a comprehensive range of parameters to customize the payroll validation process:

Effective Date: Analyze pay period activity on a specific date.
Start Date: Define the report's time frame for targeted analysis.
Consolidation Group: Generate insights into payroll activities across grouped employees.
Payroll and Payroll Relationship Group: Focus on specific payroll structures for detailed reporting.
Payroll Statutory Unit: Validate payroll data for statutory compliance.
Person Number: Run individualized employee-level reports.
Tax Reporting Unit: Maintain compliance with tax reporting requirements.

These parameters allow organizations to streamline the payroll validation process while ensuring compliance with statutory and tax reporting standards.

Comprehensive Output for Enhanced Payroll Insights

The HCM Report for Pay Period Validation provides detailed data, including:

Supplemental Earning Elements: Insights into additional earnings components.
Deduction Elements: Key details for accurate payroll auditing.
Payroll Definition: Ensure clarity on payroll structures.
Employee Garnishments: Monitor compliance with garnishment orders.
Termination Dates: Identify and manage employee terminations effectively.

The report output is available in Excel format, with options to render in PDF or CSV, ensuring compatibility with various payroll systems and payroll auditing processes.

Streamlined Scheduling for Regular Insights

Payroll teams can schedule the report for weekly or bi-weekly delivery, enabling ongoing monitoring and proactive identification of overpayments, severance payments, and retention bonuses during each pay period. Regular scheduling helps maintain payroll accuracy and ensures compliance across all levels of employee management.

Why Choose DataTerrain for Payroll Reporting?

With over 270+ customers in the U.S., DataTerrain provides reliable HCM extract reporting solutions designed to meet real-world payroll challenges. Our payroll validation tools help businesses improve data accuracy, simplify compliance reporting, and achieve actionable insights.

We operate with flexible hours and do not require long-term contracts, ensuring a seamless experience tailored to your organization's needs.