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Training on Payroll Preparation, Analysis and Management

By: Data-Afrique Consultants

Kenya

03 - 07 May, 2021  5 days

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USD 1,000

Venue: Data-Afrique Training Centre, Nairobi Kenya.

Most companies generally use the term Payroll to refer to the money that is paid to the employees or the records that detail how much each employee has made. Processing payroll is a very important function of any business and necessitates an understanding of current regulations, detailed tax knowledge to ensure proper withholding and filing, and a highly organized system that can be relied upon to pay each employee the right amount of money. As the salaries are usually the major part of companies’ expenses, it is of crucial importance to analyse and manage the payroll preparation process.

Course Objectives

By the end of the course the participant should be able to:

  • Explain how the HR and accounting and finance functions contribute to their success
  • Prepare the monthly payroll and review it for accuracy
  • Calculate employee benefits, loans vacations and End of Service Benefits (EOSB)
  • Reconcile payroll with accounting and audit the supporting documents for payments
  • Develop monthly and annual payroll budgets
  • Design periodic payroll management reports and analysis

Who Should Attend?

Payroll staff, payroll accountants, account assistants, payroll supervisors and managers, HR professionals and team members who handle payroll as well as any employees interested in understanding and applying payroll best practices.

Course Outline

Payroll: the important link between human resources and accounting

  • Introduction to the HR function
  • Introduction to accounting function
  • Introduction to finance function
  • Payroll as a link between HR and accounting and finance
  • Understanding the hiring process documentation
  • Managing the payroll process for:
  • Contract professionals
  • Full-time employees
  • Temporary help
  • Outsourcing

Preparing and calculating payroll

  • Determining the right calculation basis for payroll
  • Elements of risk leading to payroll mistakes
  • Managing increments and deductions
  • Payroll approvals and schedules

Employee loans and benefits

  • Access to employee benefits
  • Controlling access to loans
  • Reporting on loan status
  • Calculating end of service benefits for the company and employees
  • Reporting on benefit plans

Accounting and auditors’ roles in the payroll process

  • Recording payroll expense and liabilities
  • Recording payroll and benefits costs to assets or inventory
  • 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
  • Introduction to internal audit and external audit
  • Auditing the payroll

Payroll budgeting

  • Budgeting for payroll department expenses
  • Preparing the yearly budget for payroll and contributions for the company
  • Budgeting for employee loans and other benefits

Reporting payroll and contributions

  • Determining contribution expense for individuals and corporate contributions
  • Reporting results to the accounting department and Coordinating regarding payment process and control
  • Reporting to ministry of labour, social security authorities and other regulatory agencies

General Notes

This course is delivered by our seasoned trainers who have vast experience as expert professionals in the respective fields of practice. The course is taught through a mix of practical activities, theory, group works and case studies.

Training manuals and additional reference materials are provided to the participants.

Upon successful completion of this course, participants will be issued with a certificate.

Data-Afrique Training Centre, Nairobi Kenya. May 03 - 07 May, 2021
USD 1,000.00
(Convert Currency)

Duncan Kariuki +254723360025

DATA-AFRIQUE CONSULTANCY

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