It refers to the process of matching two different records to ensure that both are same or not. In simple words and in the form of an example, it is an exercise in which the HRM checks the salary on paper and compares it with the salary they have actually paid to the employees. Payroll reconciliation is an essential task that helps in keeping accurate accounting records which helps in measuring the financial status of the company. Other than this, the act of matching the salary statement and the expanses with the actual salary an employee has recover refers to the reconciliation.
