Payroll: Preparation & Analysis and Management

Introduction

This course ” Payroll: Preparation & Analysis and Management ” is designed to give an overview of all the core skills you will be required to run this task smoothly. You will be able to demonstrate the ability to monitor, analyze, communicate employees’ rights, and keep the payroll system in correlation to the changes taking place.

The payroll, or the money that your pay to your employees, is important to both the employees and employers. Everyone would like to ensure the continuity of this payment, and the person who is responsible for this task has to be aware of HR policies, financial department’s requirements, and the government’s taxes policy.

Course Objectives

By the end of this training course, participants will be able to:

Defining the payroll system
Determine the needed documentation in the payroll cycle.
Choosing the best payroll system that serves your company
Prepare and reconcile the monthly payroll.
Understanding the function of the payroll system and its linkage to the company’s divisions
Learning how to handle the various irregularities of payroll system
Ensuring all process are documented correctly
Calculate contributions based on different assumptions for employer and employee.
Develop monthly and annual payroll budget.
Design periodic payroll management reports and analysis.
Assist the accounting department in controlling and auditing payroll payments.