This article explains how clients can reconcile the numbers they see on the new invoicing against the Deel G2N.
The part that can be reconciled against the Deel G2N is specifically against these invoice line items:
- Payroll Expense Reimbursement
- Liabilities - Employer contributions
- Liabilities - Employee taxes/contributions
- Net Pay excluding Expenses
Clients should be using the G2N to reconcile the gross amounts. Please check the How EOR Invoices Are Calculated and Formatted and How to Access Global G2N Reports in Deel? article for more information.
Here is an invoice example to review what numbers on the G2N to look against:
Payroll Expense Reimbursement is a reflection of the amount of expenses approved to be paid on the cycle. To find the amount of expenses approved, from the homepage go to the Payroll icon and click the Expenses tab.
For more information please see the article How to Review Expenses and Adjustments
Liabilities - Employer contributions are the sum of all the amounts that are on the columns under the G2N Category called Employer Contributions.
Liabilities - Employee taxes/contributions are the sum of all the amounts that are on the columns under the G2N Category called Worker Taxes and Contributions.
Net Pay excluding Expenses is the amount present on the G2N item called Net Pay subtracting all the Expenses that have been processed. In this specific example, there were no expenses to be paid ($0) on the invoice, therefore the amount reflected on this line item is exactly the same as the Net Pay on the G2N.
To understand specifically how the Net Pay is calculated, it's necessary to use the formula:
- Net Pay = Gross (Taxable) - Gross deduction + Net Additions - Net deductions - Worker Taxes and Contributions
