Reconciliation in accounting involves verifying transactions are in balance and apply to the correct account. For instance, when reconciling payroll, a payroll transaction involves different accounts.

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Businesses must file payroll forms on time to stay in good ...

While owning a business can be rewarding on many levels, dealing with payroll taxes and their accompanying forms can be a pain. Depending on your employees and business type, you may need to work with ...