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 salaries are usually a major part of companies' expenses, it is of crucial importance to analyze and manage the payroll preparation process.

For Whom

This program is designed for 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.

Learning Objectives

At the end of the program, participants will be able to:

• Explain how HR, Accounting and Finance functions contribute to the success of payroll preparation
• Prepare, reconcile and review monthly payroll for its accuracy
• Calculate employee benefits, loans vacations and End of Service Benefits
• Reconcile payroll with accounting and audit the supporting documents for payments
• Develop monthly and annual payroll budgets
• Design periodic payroll management reports and analyses.