PAYROLL OVERPAYMENT REPORT

Prepared by: [Your Name], Payroll Department

I. Employee Information

Employee Name	Employee ID	Department
John Doe	12345	Finance
Jane Smith	67890	Sales
Michael Johnson	54321	Marketing
Emily Brown	98765	Operations

II. Overpayment Details

Overpayment Date	Amount Overpaid ($)	Reason for Overpayment
2055-06-15	500	Calculation error in overtime hours
2055-06-30	300	Mistake in bonus calculation
2055-07-05	200	Incorrect commission adjustment
2055-07-10	400	Double payment for vacation leave

III. Recovery Plan

A. Deduction from Future Payments

Plan: Deduct overpaid amount from upcoming payroll cycles.
Start Date: Effective from the next payroll processing.
Amount: $50 per pay period until fully recovered.

B. Lump Sum Repayment

Plan: Request employees to repay the full overpayment amount in a single lump sum.
Deadline: Within 30 days of notification.
Confirmation: Signed agreement by employees acknowledging the repayment.

C. Other Arrangements

Plan: Customize repayment schedules based on individual employee circumstances.
Approval: Requires approval from HR and Finance departments.
Terms: Monthly installments over 6 months, starting August 2055.

IV. Approval and Review

Reviewed By	Date	Approved By	Date
Payroll Administrator	2055-07-05	Payroll Manager	2055-07-06

V. Notes or Comments

A. Context for Overpayment

Note: The overpayments stemmed from various administrative errors, including miscalculations in overtime, bonuses, commission adjustments, and vacation leave.

B. Actions Taken

Note: Employees have been individually notified about the overpayments and the chosen repayment method as per company policy.

C. Follow-Up

Note: Monitor payroll deductions closely to ensure accurate recovery of overpaid amounts within the stipulated timelines, maintaining transparency and fairness in payroll practices.

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