Payroll: Preparation, Analysis and Management

· Determine the needed documentation in the Payroll Cycle. Prepare and reconcile the monthly payroll.

· Calculate contributions based on different assumptions for employer and employee

Contents:

Payroll as the important link between human resources and accounting

· Introduction to the HR function

· Introduction to accounting function

· Importance of payroll function as between HR and accounting

The Hiring Process

· Understanding the Hiring process documentation

· Managing payroll process

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

Employee Loans

· Controlling access to loans

· Reporting on loans status

· Reporting payroll contributions

· Determining contribution expense for individuals

· Determining corporate contributions

· Reporting results to the accounting department

· Coordinating with accounting department regarding   payment process and control

FOR WHOM: Accountants, Treasurers, Auditors, Payroll Administrators, Operations Managers, Directors, Supervisors, Finance Managers, Human Resources Managers and others who perform related functions in Public and Private Sectors.

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.