Training on Payroll Preparation, Analysis and Management Course

Accurate and efficient payroll processing is vital for any organization. Training on payroll preparation, analysis and management course provides a thorough understanding of payroll management, bridging the gap between HR and accounting/finance functions. Learn to prepare and analyze payroll data, calculate benefits, reconcile accounts, manage budgets, and generate insightful reports. Master best practices, ensuring compliance and minimizing errors. This hands-on training on payroll preparation, analysis and management course combines lectures, Excel exercises, group workshops, and presentations to provide practical, job-ready skills.

Target Audience

This course is designed for:

• Payroll Staff: Enhancing their payroll processing skills.
• Payroll Accountants: Improving accuracy and efficiency.
• Account Assistants: Gaining a comprehensive understanding of payroll processes.
• Payroll Supervisors and Managers: Developing leadership and strategic skills.
• HR Professionals: Strengthening their understanding of payroll management.

Course Objectives

Upon completion of this training on payroll preparation, analysis and management course, participants will be able to:

• Explain the interrelationship between HR, accounting, and finance in payroll management.
• Prepare and review monthly payroll for accuracy.
• Calculate employee benefits, loans, vacations, and EOSB (End of Service Benefits).
• Reconcile payroll with accounting data and audit supporting documents.
• Develop monthly and annual payroll budgets.
• Design periodic payroll management reports and conduct insightful analyses.

Course Outline

Module 1: Payroll: The Bridge Between HR and Finance

• Understand the roles of HR, accounting, and finance functions.
• Analyze the hiring process documentation and its impact on payroll.
• Manage payroll processes for different employee types (contract, full-time, temporary, outsourced).

Module 2: Preparing and Calculating Payroll

• Implement essential controls to prevent payroll errors.
• Determine appropriate calculation bases for payroll.
• Manage increments, deductions, approvals, and payroll schedules effectively.

Module 3: Employee Loans and Benefits

• Understand employee access to benefits and loans.
• Develop processes for controlling loan access, status reporting, and benefit plan reporting.
• Calculate end-of-service benefits.

Module 4: Accounting and Auditors' Roles in Payroll

• Recording payroll expenses, liabilities, and contributions.
• Reconciling payroll data with accounting and governmental agencies.
• Understanding internal and external audit processes.

Module 5: Payroll Budgeting and Reporting

• Budgeting for payroll department expenses, employee loans, and benefits.
• Reporting payroll results to accounting and regulatory agencies.

Certification

Upon successful completion, participants will receive a certificate demonstrating their enhanced skills and knowledge in payroll management.