[CLIENT NAME]

Test of accuracy of payroll register and BIR Form 1601C

[Financial Year]

ASSERTION
Completeness, Existence, Accuracy and Valuation

RISK
1 Total compensation per payroll register is not equal to trial balance.
2 Total compensation per payroll register is not equal to BIR Form 1601C

OBJECTIVE
1 To compare the total payroll cost per trial balance and per BIR Form 1601C.

PROCEDURE
1 Obtain the Company's payroll register and BIR Form 1601C.
2 Check the mathematical accuracy of the payroll register.
3 Compare the payroll register with the BIR Form 1601C.
4 Compare the total cost per payroll register and per trial balance.

ANALYSIS

Statutory Minimum
Basic Pay Wage for Minimum
Wage Earners
(MWEs)

[A] [B]
Payroll Register- January 15
Payroll Register- January 31
Payroll Register - January 0.00 0.00
BIR Form 1601C- January 0.00 0.00
Difference 0.00 0.00

Payroll Register- February 15

Payroll Register- February 28
Payroll Register - February 0.00 0.00
BIR Form 1601C- February 0.00 0.00
Difference 0.00 0.00

Payroll Register- March 15

Payroll Register- March 31
Payroll Register - March 0.00 0.00
BIR Form 1601C- March 0.00 0.00
Difference 0.00 0.00

Payroll Register- April 15

Payroll Register- April 30
Payroll Register - April 0.00 0.00
BIR Form 1601C- April 0.00 0.00
Difference 0.00 0.00

Payroll Register- May 15

Payroll Register- May 31
Payroll Register - May 0.00 0.00
BIR Form 1601C- May 0.00 0.00
Difference 0.00 0.00

Payroll Register- June 15

Payroll Register- June 30
Payroll Register - June 0.00 0.00
BIR Form 1601C- June 0.00 0.00
Difference 0.00 0.00

Payroll Register- July 15

Payroll Register- July 31
Payroll Register - July 0.00 0.00
BIR Form 1601C- July 0.00 0.00
Difference 0.00 0.00

Payroll Register- August 15

Payroll Register- August 31
Payroll Register - August 0.00 0.00
BIR Form 1601C- August 0.00 0.00
Difference 0.00 0.00

Payroll Register- September 15

Payroll Register- September 30
Payroll Register - September 0.00 0.00
BIR Form 1601C- September 0.00 0.00
Difference 0.00 0.00

Payroll Register- October 15

Payroll Register- October 31
Payroll Register - October 0.00 0.00
BIR Form 1601C - October 0.00 0.00
Difference 0.00 0.00

Payroll Register- November 15

Payroll Register- November 30
Payroll Register - November 0.00 0.00
BIR Form 1601C - November 0.00 0.00
Difference 0.00 0.00

Payroll Register- December 15

Payroll Register- December 31 5,636,370.00 0.00
Payroll Register - December 5,636,370.00 0.00
BIR Form 1601C - December 0.00 0.00
Difference 5,636,370.00 0.00
LEGEND
Calculated

FINDINGS
1
2
3

MANAGEMENT RESPONSE
1
2
3

ADJUSTING ENTRIES

Acc No. Account Title

P(C)AJE 1: (Description of the adjusting entry)

CONCLUSION :
1
2
3
 Non-taxable compensation

SSS, GSIS, PHIC,

Holiday Pay, HDMF Mandatory
Overtime Pay, 13th Month Pay De Minimis Contributions & Other Non-Taxable
Night Shift and Other Benefits Benefits Union Dues Compensation
Differential Pay,
Hazard Pay (employee’s share
only)

[C] [D] [E] [F] [G]

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
 Total compensation per payroll register
Total compensation per BIR Form 1601C
Total compensation per trial balance
Salaries and wages
13th month pay and other benefit
SSS, Philheath and HDMF contributions
Difference

unt Title

adjusting entry)
 Taxable compensation
not subject to withholding
Total Non-Taxable Total Taxable tax (for employees, other
Compensation Compensation than MWEs, receiving Net Taxable Total Taxes Withheld
P250,000 & below for the Compensation
year

[H=B+C+D+E+F+G] [I=(A-H)] [J] [K= (I-J)] [L]

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
 0.00 Total withholding tax payable per BIR Form 1601C
0.00 Total withholding tax payable per trial balance
Difference
0.00
0.00
0.00 0.00
0.00

Credit
 Add/(Less): Taxes Withheld
Adjustment of Taxes for Remittance
Withheld from Previous
Month/s

[M] [N=(L=/-M)]

0.00 0.00
0.00 0.00
0.00 0.00

0.00 0.00
0.00 0.00
0.00 0.00

0.00 0.00
0.00 0.00
0.00 0.00

0.00 0.00
0.00 0.00
0.00 0.00

0.00 0.00
0.00 0.00
0.00 0.00

0.00 0.00
0.00 0.00
0.00 0.00

0.00 0.00
0.00 0.00
0.00 0.00

0.00 0.00
0.00 0.00
0.00 0.00

0.00 0.00
0.00 0.00
0.00 0.00

0.00 0.00
0.00 0.00
0.00 0.00

0.00 0.00
0.00 0.00
0.00 0.00

0.00 0.00
0.00 0.00
0.00 0.00
e per BIR Form 1601C 0.00
e per trial balance 0.00
0.00
No. of employees
Payroll Register Account Title Journal Book
Basic Pay Salaries and Wages 5,636,370.00
OT Pay Salaries and Wages

Partial Pay A/R Partial Pay 2,218,000.00

Withholding tax Withholding tax payable- employees 925,012.91
SSS Premium SSS Premium 203,650.00
SSS Premium Payable (303,430.00)
Philhealth Premium Philhealth Premium 52,787.35
HDMF Premium HDMF Premium 12,900.00
HDMF Premium Payable (68,100.00)
SSS Loan SSS Loan Payable
HDMF Loan Pagibig loan payable 97,141.00
PHS Loan Deduction A/R Various 38,353.58
Medins A/R Valuecare 74,599.00
Total Deductions

Net Pay
Rice and Meal Allowance Benefits Rice
ECOLA Benefits Ecola
Take Home Pay

Credit date- end of month pay

TR No.
Credit date- mid of month pay
TR No.
 133 132 132
December November October September August July
5,636,370.00 5,640,853.00 5,720,742.00 5,717,575.00 5,652,522.00 6,404,700.00
99,489.71 89,111.98 86,852.78 89,606.34 111,888.18

2,218,000.00 2,242,553.33 2,251,000.00 2,234,000.00 2,239,000.00 2,440,000.00

925,012.91 932,361.66 898,748.31 912,035.37 898,679.21 1,180,628.76
99,780.00 99,800.00 102,200.00 102,400.00 102,320.00 102,520.00

52,787.35 48,840.44 50,231.24 50,298.07 50,217.48 50,774.45

55,200.00 54,700.00 56,000.00 55,900.00 55,600.00 59,000.00

65,802.75 62,526.46 67,394.75 71,686.24 63,749.30 65,179.80

97,141.81 86,425.79 89,026.62 79,079.94 80,377.46 89,671.39
38,353.58 63,722.81 66,975.28 127,089.36 73,059.77 64,005.73
74,599.00 74,819.00 71,802.64 74,335.00 72,021.00 74,551.00
3,626,677.40 3,665,749.49 3,653,378.84 3,706,823.98 3,635,024.22 4,126,331.13

2,009,692.60 2,074,593.22 2,156,475.14 2,097,603.80 2,107,104.12 2,390,257.05

191,550.00 191,700.00 195,600.00 195,800.00 191,700.00 192,000.00
10,200.00 9,950.00 9,975.00 10,145.00 9,650.00 8,250.00
2,211,442.60 2,276,243.22 2,362,050.14 2,303,548.80 2,308,454.12 2,590,507.05

Dec. 27, 2019 Nov. 28, 2019 Oct. 29, 2019 Sep. 27, 2019 Aug. 29, 2019 July. 29, 2019
246-089-191226-01341 246-089-191127246-089-191028246-089-190925246-089-190828246-089-190726
Dec. 11, 2019 Nov. 13, 2019 Oct. 11, 2019 Sep. 13, 2019 Aug. 13, 2019 Jul. 12, 2019
246-089-191211-00351 246-089-191112246-089-191011246-089-190910246-089-190808246-089-190711-00521
 131 130 130 128 127 126
June May April March February January
6,145,513.00 5,988,366.00 5,954,206.00 5,819,079.00 5,676,730.00 5,656,230.00
93,103.60 109,187.94 90,221.08 70,530.29 184,820.97 29,597.89

2,240,000.00 2,255,000.00 2,265,000.00 2,285,000.00 2,227,000.00 2,100,000.00

1,122,893.35 1,109,197.18 1,006,223.21 945,134.83 928,556.10 915,613.63
101,720.00 100,920.00 100,920.00 74,406.40 73,825.10 73,243.80

50,482.67 49,932.57 49,914.70 48,161.56 47,131.18 47,078.11

56,800.00 56,700.00 56,700.00 56,800.00 57,500.00 57,400.00

66,587.23 59,480.00 56,850.64 57,588.96 64,233.84 60,542.24

83,822.03 87,461.30 72,884.98 79,913.72 93,357.02 89,741.59
78,708.81 80,165.00 70,182.35 53,191.76 43,097.95 15,000.00
67,511.00 69,408.50 71,168.50 71,663.50 71,663.50 73,399.50
3,868,525.09 3,868,264.55 3,749,844.38 3,671,860.73 3,606,364.69 3,432,018.87

2,370,091.51 2,229,289.39 2,294,582.70 2,217,748.56 2,255,186.28 2,253,809.02

190,650.00 192,650.00 185,200.00 189,900.00 189,250.00 189,000.00
7,850.00 7,825.00 5,450.00 11,575.00 12,000.00 11,250.00
2,568,591.51 2,429,764.39 2,485,232.70 2,419,223.56 2,456,436.28 2,454,059.02

Jun. 27, 2019 May 28, 2019 Apr. 29, 2019 Mar. 29, 2019 Feb. 27, 2019 Jan. 29, 2019
246-089-190626 246-089-190528246-089-190426 246-089-190328246-089-190226246-089-190128-00195
May 14, 2019 Apr. 12, 2019 Mar. 14, 2019 Feb. 13, 2019 Jan. 14, 2019
-089-190711-00521 246-089-190510246-089-190412 246-089-190313246-089-190212246-089-190111-00274

Total Amt Paid Total Amt Paid Total Amt Paid Total Amt Paid Total Amt Paid
2,263,000.00 2,290,000.00 2,302,000.00 2,267,000.00 2,100,000.00
- 8,000.00 - 25,000.00 - 17,000.00 - 40,000.00 -
 Total
70,012,886.00
1,054,410.76
-
26,996,553.33
11,775,084.52
1,134,055.30
-
595,849.82
678,300.00
-
761,622.21
1,028,903.65
773,552.40
866,942.14
44,610,863.37
-
26,456,433.39
2,295,000.00
114,120.00
28,865,553.39

-089-190128-00195

-089-190111-00274
Date of Payment 11/28/2019
Transaction Ref No. 246-089-191127-00196

Basic Pay 5,674,270.00

Rice and Meal Allowance 193,500.00
ECOLA 9,950.00
5,877,720.00
Total 5,455,342.83
Tax 457,570.02
Cash Advance 54,000.00
Net 13th Month Pay 4,943,772.81