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Who should attend
Payroll staff, payroll accountants, account assistants, payroll supervisors and managers, HR professionals and team members who handle payroll and any employees interested in understanding and applying payroll best practices.
About the course
Payroll Management reveals how to manage time tracking, payroll processing, and paying employees, while also describing the payroll regulations and reporting requirements related to compensation, benefits, payroll taxes, and tax remittances. There are chapters dealing with payroll accounting and how to set up a system of procedures, controls, and recordkeeping.
## Course Objectives
On completion of the module, the delegates should be able to:
- Determine the needed documentation in the payroll cycle.
- Prepare and reconcile the monthly payroll.
- Calculate contributions based on different assumptions for employer and employee.
- Perform “What If” analysis related to employee benefits.
- Develop monthly and annual payroll budget.
- Design periodic payroll management reports and analysis.
- Assist the accounting department in controlling and auditing payroll payments.
## Course Outline
Module 1: IPayroll: The Important Link between Human Resources and Accounting
Introduction to the HR Function
Introduction to Accounting Function
Importance of Payroll Function as a Link between HR and Accounting
Understanding the Hiring Process Documentation
Managing Payroll Process for:
Full Time Employees
Module 2: Preparing and Calculating Payroll
Looking for the Right Controls before Starting
Determining the Right Calculation Basis for Payroll
Elements of Risk Leading to Payroll Mistakes
Managing Increments, Deductions and Payroll Approvals
Preparing Payroll Schedules
Module 3: Employee Loans and Benefits
Controlling Access to Loans
Reporting on Loans Status
Calculating End of Service Benefits for Company and Employees
Reporting on Benefit Plans
Module 4: Accounting Department Role in Payroll Process
Recording Payroll Expense and Liabilities
Recording Payroll-Related Contributions and Liabilities
Reconciling Receivables from and Payables to Employees with Payroll Department
Reconciling Liabilities with Social Security and Other Governmental Agencies
Reconciling Payments with Bank Accounts Transactions
Module 5: Payroll Budgeting
Budget for Payroll Department Expenses
Prepare the Yearly Budget for Payroll and Contributions for the Company
Budgeting for Employee Loans and Other Benefits
Module 6: Reporting Payroll and Contributions
Determining Contribution Expense for Individuals
Determining Corporate Contributions
Reporting Results to the Accounting Department
Coordinating with Accounting Department Regarding Payment Process and Control
Reporting to Ministry of Labor
Reporting to Social Security Authorities
Reporting to Other Regulatory Agencies
Videos and materials
Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.
We are happy to help you find a suitable online alternative.