HR, payroll, and finance leaders at home care, home health, hospice, pediatric home care, skilled nursing, assisted living, and ABA therapy organizations need to correctly accrue payroll, record payroll journal entries (wages, taxes, liabilities), and reconcile clearing/suspense accounts so payroll costs and liabilities land accurately on the balance sheet and income statement. The problem is ensuring consistent, compliant close processes from payroll register to GL posting and post-payroll reporting without misstatements or unreconciled accounts.
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This information is for educational purposes only, and not to provide specific legal advice. This may not reflect the most recent developments in the law and may not be applicable to a particular situation or jurisdiction.