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Valuation And Qualifying Accounts
Schedule II — Valuation and Qualifying Accounts
PAYCHEX, INC.
CONSOLIDATED FINANCIAL STATEMENT SCHEDULE
FOR THE YEAR ENDED MAY 31,
In millions
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Description
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Balance as
of
beginning
of fiscal year
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Additions
charged to
expenses
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(Deductions from)/
additions to other
accounts
(1) |
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Costs and
deductions
(2)
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Balance as
of end
of fiscal year
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2012
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Allowance for doubtful accounts
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$ |
2.1 |
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$ |
1.2 |
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$ |
— |
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$ |
2.1 |
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$ |
1.2 |
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Reserve for client fund losses
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$ |
3.1 |
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$ |
2.3 |
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$ |
(0.7 |
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$ |
2.6 |
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$ |
2.1 |
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2011
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Allowance for doubtful accounts
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$ |
1.9 |
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$ |
1.8 |
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$ |
0.4 |
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$ |
2.0 |
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$ |
2.1 |
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Reserve for client fund losses
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$ |
2.6 |
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$ |
1.9 |
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$ |
1.3 |
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$ |
2.7 |
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$ |
3.1 |
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2010
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Allowance for doubtful accounts
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$ |
4.0 |
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$ |
2.6 |
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$ |
— |
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$ |
4.7 |
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$ |
1.9 |
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Reserve for client fund losses
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$ |
3.2 |
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$ |
3.5 |
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$ |
— |
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$ |
4.1 |
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$ |
2.6 |
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| (1) |
Amounts related to business acquisitions. |
| (2) |
Uncollectible amounts written off, net of recoveries. For fiscal 2010, this column includes the amount disposed of with the divestiture of Stromberg time and attendance
operations, an immaterial component of the Company. |
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