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
• Incentives
• Expenses
• Employer monthly social contributions
• On Payslip Benefits
• Remote's management fee
• Other costs
• Adjustments

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 not issue anything else 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