What is included in the Reconciliation Invoice?

We issue the Reconciliation invoice (Invoice #2) after the Payroll Pre-funding invoice (Invoice #1). The Reconciliation invoice, will compare costs actually incurred during the month to the amount collected on Invoice #1, the Payroll Pre-funding invoice. While we do all we can to ensure the Payroll Pre-funding invoice amount is as close as possible to what the actual charges 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
• Incentives
• Expenses
• Employer monthly social contributions
• On Payslip Benefits
• Remote's management fee
• Off Payslips costs
• Other costs
• Adjustments

Sample invoice

This is what a Reconciliation invoice with an outstanding credit looks like.

• The Previously Billed column of the invoice shows the amounts we've billed you previously (on the Payroll Pre-funding invoice), by category. This is to allow you to have one consolidated invoice that includes all amounts.
• The Final Actual column is the actual payroll costs for that month, and includes all items discussed above.
• The Net Due is the total of these two, and can result in a positive or negative number. A customer has to pay the net total of the Payroll Pre-funding and Reconciliation invoice each month.