Course: Payroll Management

Author:Steven Bragg 

Course ID: AACSBPM
CPE Hours: 14

Format: PDF

Price: $ 121.50 

Delivery: Internet/Interactive

Course Description
 Payroll Management describes how to properly manage the payroll department with a variety of efficiency techniques, procedures, and controls. It also shows how to comply with an array of payroll regulations, deposit taxes, account for payroll transactions, and issue payroll reports. It also addresses such special topics as payroll recordkeeping systems and whether to outsource payroll processing.

NASBA Category: Accounting

Learning Objectives:

• Describe how to use various management techniques to increase the efficiency and effectiveness of the payroll department.
• Describe the criteria under which a person is classified as an employee.
• Explain the methods for reducing time tracking requirements, and describe the types of employee time tracking solutions.
• Calculate earnings for various types of wages and supplemental pay.
• Describe the proper tax reporting of various types of employee fringe benefits, and how to assign a value to those benefits that are not exempt from tax reporting.
• Describe the various types of pay deductions, and how to manage an efficient pay deduction system.
• Calculate the amount of income tax withholdings and payroll tax deductions for an employee.
• Explain how to determine the correct deposit schedule, and how to deposit and report on tax remittances.
• Calculate the amount of federal and state unemployment tax for which an employee is liable, and how to remit it to the government.
• Demonstrate the various methods of paying wages and other benefits to employees.
• Demonstrate how to account for all types of payroll transactions.
• Describe the contents and uses of the reports that a payroll department issues.
• Explain the recordkeeping requirements for the payroll function.
• Explain the steps to follow to add an employee, accumulate time worked, calculate commissions, process payroll, and pay employees.
• Describe the controls that can be installed in a payroll system to mitigate fraud and reduce errors.
• Explain the various payroll measurements that can be used to gain a greater understanding of payroll efficiency and human resources issues.
• Describe the advantages and disadvantages of outsourcing payroll, and how to operate an outsourced payroll function.

Level:Overview
Overview-This program is appropriate for professionals at all organizational levels

Prerequisites:None

Updated/Revised: January 2012