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Why do my bank debit amounts differ from a run's total cost in Zenefits Payroll

The amount that Zenefits Payroll will debit from your company's payroll account includes net pay and reimbursements for employees paid by Direct Deposit and employee/employer taxes.

Zenefits Payroll uses this equation to calculate the total amount withdrawn from your account:

Total Debit = Net Pay and Reimbursements (by Direct Deposit) + Employee Taxes + Employer Taxes

This debit amount does not include employer contributions, employee deductions, or any net pay amounts paid by manual checks. Consequently, the actual debit may be less than the total cost of the run.

For example, consider a pay run with two employees:

  Gross Pay Deductions Employee Taxes Employer Taxes Net Pay (DD) Cost to Employer
Employee 1 5 ,000 300 1606.18 552.25 3093.82 5252.25
Employee 2 3 ,000 200 854.75 329.00 1945.25 3129.00
             
Totals 8 ,000 500 2460.93 881.25 5039.07 8881.25

The total cost is:

  8 ,000   + 881.25   8881.25

The total debit is:

      2460.93 + 881.25 + 5039.07 = 8381.25

 

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