What is included in the Reconciliation invoice?

Invoice #1, which is used to pre-fund your payroll, is based on estimated costs for the month.

If your Pre-funding Invoice amount was lower than the actual costs incurred during that billing period, we will issue a Reconciliation Invoice for you to pay the difference.

While we do all we can to estimate the Payroll Pre-funding invoice amount is as close as possible to what the actual costs will be, there are several common factors that can cause discrepancies: employees onboarding or off-boarding during the month, changes in local regulations, benefits changes, and variability in leave/working hours for each employee. Many of these factors can’t be known until the exact time payroll is run.

See also: What do the different invoice items mean?

The Reconciliation invoice includes:

• Base monthly salary
• Employer monthly social contributions
• On Payslip Benefits
• Expenses
• Incentives
• Off Payslips costs
• Other benefits
• Management fee

If your Pre-funding Invoice amount was higher than the actual costs incurred during that billing period, we will issue a Reconciliation Credit; this Credit Note will be applied to the next invoice when applicable.

If your Pre-funding invoice amount exactly matches the expenses incurred during that billing period, we will issue a 0 total reconciliation invoice, and no further action is required on your end.

All of your invoices and credit notes can be found under Service invoices in the Payments tab.

Note: Prior to May 2023, if your actual invoice was less than the Pre-Funding Invoice, a Reconciliation Invoice with a negative balance was issued; therefore, you may see those in the history of your Service invoices.

See also: Why does my monthly invoice breakdown report not match my invoice amount?

See also: Reconciliation invoice breakdown report