Question

You have been asked by the Payroll Manager, Linda Laporte, to create a short job aid to assist the payroll practitioners with reconciling the Revenu Québec (RQ) account. Your organization is a monthly remitter. In your own words, outline suggested reconciliation methods including the forms, tools and reports that would be used in the process.

Answer 1

For any kind of payroll to reconcile with revenue quebec account, we need to carry all employee wise monthly details for salary breakup. and what we have submitted to Revenue Quebec.

There are reconciliation item which not relevant to Revenue quebec which are part of our reconciliation.

Payroll as per Company A/c

Add/Less:- Items which are part of company expenses or reimbursement but not part of Revenue quebec (not taxable amount)

Payroll as per Revenue Quebac

Reco item are like reimbursement to employees, Bonus, Medical Insurance expenses etc.

Report which we can use is we can have pivot table of various items so we can easy find out differance of the same.

While we submit data on monthly basis to Revenue qubec in that while reconciliation we also need to check provision which are made for accounting purpose so all that provision are also part of reconciliation.