The EMP501 Reconciliation report is the report used to reconcile your monthly EMP201 figures with your payroll figures.

This includes values for tax (PAYE), Unemployment Insurance Fund (UIF), Skills Development Levy (SDL) and Employment Tax Incentive (ETI).

The financial figures exports into an Excel sheet which makes it easy to reconcile.

Use the report for Interim or Annual returns to the South African Revenue Service (SARS).

1. Access your payroll company

2. From the main screen of the company go to History, and then Reports. Select EMP501 Reconciliation.

3. Select the Reconciliation Period from and to months

 NOTE: For the Interim Reconciliation, you will select March to August and for the Annual Submission you will select March to February. 

4. Select either Current Company to include only the company, or Multiple Companies to include other payroll companies

 NOTE: the Multiple Companies option includes companies with the same PAYE number and the same Pay Period. 

5. Click Continue

6. TOnce the report generates, it will either start the download automatically or prompt you to click 'Click here' to begin the download process.

It will open your Windows Browser. Pay attention to the default location or folder where it is going to safe your file to, at this point you can browse to any folder of your choice. Then click on Save.

At the bottom left hand side of the page the zip file should display. You can click on it and will show 2 Excel files, EMP501_Summ and Emp501_Detail Detail:

EMP501_Summ:

This will open a recon sheet where you can capture the monthly values as processed on your EMP201 to ensure that your payroll values and submitted monthly EMP201 values reconcile

EMP501_Detail

List the detail of each employee, per company, per month.