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Valuation and Qualifying Accounts
PAYCHEX,
INC.
CONSOLIDATED FINANCIAL STATEMENT SCHEDULE
FOR THE YEAR ENDED MAY 31,
In millions
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Balance as of
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Additions
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Additions to
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Balance as
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beginning
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charged to
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other
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Costs and
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of end
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Description
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of year
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expenses
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accounts(1)
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deductions(2)
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of year
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2011
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Allowance for doubtful accounts
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$
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1.9
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$
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1.8
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$
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0.4
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$
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2.0
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$
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2.1
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Reserve for client fund losses
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$
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2.6
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$
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1.9
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$
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—
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$
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2.7
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$
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1.8
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2010
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Allowance for doubtful accounts
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$
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4.0
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$
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2.6
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$
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—
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$
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4.7
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$
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1.9
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Reserve for client fund losses
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$
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3.2
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$
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3.5
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$
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—
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$
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4.1
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$
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2.6
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2009
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Allowance for doubtful accounts
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$
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4.1
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$
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2.9
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$
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—
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$
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3.0
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$
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4.0
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Reserve for client fund losses
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$
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2.9
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$
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4.4
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$
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—
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$
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4.1
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$
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3.2
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(1) |
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Acquired in purchase transactions. |
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(2) |
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Uncollectible amounts written off, net of recoveries. For fiscal
2010, this column includes the amount disposed of with the
divestiture of Stromberg, an immaterial component of the Company. |
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