Introduction
Payroll accounting ensures employees are paid accurately and on time while complying with tax and labor regulations. This course provides participants with the knowledge to manage payroll systems, process payroll transactions, and ensure compliance with statutory requirements.
Course Objectives
- Understand payroll processes and accounting requirements.
- Calculate employee compensation, deductions, and benefits.
- Maintain payroll records and comply with labor regulations.
- Identify payroll risks and implement controls.
- Improve payroll accuracy and reporting.
Target Audience
- Payroll clerks and HR staff.
- Accountants responsible for payroll journals.
- Finance and admin officers.
- Small business owners.
- Anyone involved in payroll processing.
Course Outline
- 5 Sections
- 0 Lessons
- 5 Days
Expand all sectionsCollapse all sections
- Day 1: Payroll Accounting Basics• Payroll cycle and documentation.
• Types of compensation and earnings.
• Employee vs. contractor classification.
• Payroll accounting entries.
• T&T: Payroll calculation sheets, classification guides.0 - Day 2: Deductions, Taxes & Benefits• Statutory deductions (tax, pension, insurance).
• Voluntary deductions (benefits, garnishments).
• Employer contributions and benefits.
• Case examples across industries.
• T&T: Deduction calculators, tax compliance worksheets.0 - Day 3: Payroll Systems & Automation• Payroll software and automation tools.
• Integrating payroll with accounting systems.
• Data validation and workflow controls.
• Workshop: Process a full payroll cycle.
• T&T: Payroll system templates, reconciliation tools.0 - Day 4: Compliance, Controls & Audits• Labor law compliance.
• Payroll internal controls.
• Payroll audit preparation and testing.
• Addressing common payroll errors.
• T&T: Payroll audit checklists, compliance matrices.0 - Day 5: Reporting & Year-End Requirements• Payroll reconciliations and year-end reporting.
• Preparing management reports.
• Group project: Payroll improvement plan.
• Certification and wrap-up.
• T&T: Reporting templates, reconciliation guides.0
Instructor
Lessons:
