Payroll mistakes are much easier to prevent than unwind. ClockOn’s guide to running payroll in Australia shows where the pre-finalisation review fits into the wider pay-run process.
An incorrect pay rate, duplicated timesheet, outdated bank account or unexplained change in an employee's earnings can take minutes to catch before payroll is processed, and considerably longer to fix once the money has left the business.
That matters for more than administration. Payroll errors can lead to overpayments, underpayments, delayed wages, incorrect employee records and payroll compliance problems. In Australia, correcting an overpayment is not necessarily as simple as deducting the money from an employee’s next pay. The Fair Work Ombudsman’s guidance on overpayments explains that deductions to recover an overpayment are only permitted in limited circumstances.
So, what should you actually check before pressing Finalise?
We asked 11 payroll, finance, HR and business professionals for the payroll check they would refuse to skip.
This guide combines their practical checks with an Australian pre-payroll review process you can use before every pay run.