The global payroll department and the finance team need to share data. Global payroll is often an organization’s single largest expense so finance executives will always need global payroll data and reporting for analysis and cost management initiatives.
The reporting suite on the Payslip platform offers a major advantage to the finance department. On Payslip, you can deliver crucial general ledger reporting to them in 1 working day. This is a major timesaver and a hugely important efficiency boost.
The GL Report
This is a month-end payroll accounting report, generated by Payslip at the end of the pay period for financial executives. It is one of the most important monthly reports in the finance department-the data feeds into a number of hugely important tasks they run. The sooner they get this vital report, the sooner they can begin working with the data.
At many global organizations, finance executives often have to wait four working days or longer for access to this information-a source of much frustration to them. Being able to get access to this report in one working day after the pay period has ended is a major advantage.
GL on Payslip
On the Payslip global payroll control platform, it is easy to generate GL reports. Our data standardization playbook ensures that we map, classify and standardize all the relevant global payroll data pay elements during the onboarding process. This facilitates consolidated, multicounty reporting.
- Standardized data sets
- GL codes mapped and classified
- Run GL reports one working day after payroll period
Instant Access
The core benefit of generating these crucial GL reports is immediate access for the financial executives who urgently need them. They can begin analyzing and working on the general ledger data in as little as one working day after the payrun ends. This is game changing speed and efficiency, enabling the finance department to deliver key outputs in a faster and better way.
Core Savings
“Our reporting suite is all about speed, efficiency and easy access to the reports you need, whenever you need them. The finance team really appreciate how quickly GL reports can be generated on the Payslip platform”
Daniela Barbova, Head of Product
For information on the Payslip Platform contact us today.