Practice 34 Payroll Specialist interview questions covering compliance, tax regulations, and payroll systems.
Question 17 of 34
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Christine Pasqueretta is a human resource and recruitment professional with experience creating, developing, implementing, leading, and measuring HR impact initiatives.
This basic question will allow the interviewer to gauge your level of experience and knowledge in payroll. It will also show the interviewer your ability to explain a payroll-related term in a way that anyone can understand. People can clearly explain concepts they genuinely understand, after all! Your response should be straightforward and to the point. If you want to add a little pizazz into your answer, you can provide an example of your professional experience working with general ledgers.

Christine Pasqueretta is a human resource and recruitment professional with experience creating, developing, implementing, leading, and measuring HR impact initiatives.
"A general ledger or G/L is used by businesses to track financial transactions by assets, liabilities, equity, revenue, and expenses. In my current position, I work with general ledgers daily. For instance, I (give an example of a time when your knowledge of G/L use benefitted your employer)."

Rachelle Enns is an interview coach and job search expert. She works with candidates to perform their best in employment, medical, and post-secondary admission interviews.
"While completing my Payroll certification, I learned that a general ledger is the main accounting record for a company or organization. It ties into the profit and loss and accounts for all expenses or monies earned across the board. It is an essential financial tool for a business and a Payroll Specialist."

Carrie is a Human Resource and Payroll consultant with 25 years of experience.
A general ledger is a recordkeeping system used to sort, store, and summarize a company's financial transactions. It is important for the general ledger to match with payroll records. So in my roll, I am often working with the Accounting Manager to review and audit any differences that we find between the systems. We also work together to make sure items are coded properly in payroll so that they feed into the correct categories in the general ledger.
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The general ledger is the foundation of a company's double-entry accounting system.
General ledger accounts encompass all the transaction data needed to produce the income statement, balance sheet, and other financial reports.

Stephanie's Feedback
Great! Your content knowledge of this industry really shines here.
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Written by Christine Pasqueretta
34 Questions & Answers • Payroll Specialist

By Christine

By Christine