Annual report pursuant to Section 13 and 15(d)

Valuation and Qualifying Accounts

v3.20.2
Valuation and Qualifying Accounts
12 Months Ended
May 31, 2020
Valuation and Qualifying Accounts [Abstract]  
Valuation and Qualifying Accounts Schedule II — Valuation and Qualifying Accounts

PAYCHEX, INC.

CONSOLIDATED FINANCIAL STATEMENT SCHEDULE

FOR THE YEAR ENDED MAY 31,

(In millions)

Additions to/

Balance as of

Additions

(deductions 

Balance as

beginning

charged to

from) other 

Costs and

of end

Description

of fiscal year

expenses

accounts(1)

deductions(2)

of fiscal year

2020

Allowance for doubtful accounts

$

7.5

$

7.8

$

3.0

$

5.8

$

12.5

Reserve for client fund losses

$

2.7

$

5.2

$

(3.0)

$

4.9

$

2019

Allowance for doubtful accounts

$

7.0

$

3.3

$

0.7

$

3.5

$

7.5

Reserve for client fund losses

$

2.4

$

3.7

$

$

3.4

$

2.7

2018

Allowance for doubtful accounts

$

6.0

$

3.6

$

$

2.6

$

7.0

Reserve for client fund losses

$

3.0

$

3.1

$

$

3.7

$

2.4

(1)Amounts related to business acquisitions in fiscal 2019 and the reclassification of the reserve for client fund losses in fiscal 2020.

(2)Uncollectible amounts written off, net of recoveries, and other adjustments.