/  Payroll - Preparation, Analysis and Management Training

Payroll - Preparation, Analysis and Management Training

BMC Training provides a training course in Payroll - Preparation, Analysis and Management in Finance , Accounting and Budgeting

Course Title
Venue
Start Date
End Date
  • London
    17 - 10 - 2021
    21 - 10 - 2021
  • London
    7 - 11 - 2021
    11 - 11 - 2021
  • London
    19 - 12 - 2021
    23 - 12 - 2021
  • London
    9 - 1 - 2022
    13 - 1 - 2022
  • London
    27 - 2 - 2022
    3 - 3 - 2022
  • London
    6 - 3 - 2022
    10 - 3 - 2022
  • London
    24 - 4 - 2022
    28 - 4 - 2022
  • London
    15 - 5 - 2022
    19 - 5 - 2022
  • London
    12 - 6 - 2022
    16 - 6 - 2022
  • London
    7 - 8 - 2022
    11 - 8 - 2022
  • London
    11 - 9 - 2022
    15 - 9 - 2022

Program Objectives:
By the end of the program, participants will be able to:

  • ?Determine the needed documentation in the payroll cycle.
  • Prepare and reconcile the monthly payroll.
  • Calculate contributions based on different assumptions for employer and employee.
  • Perform “What If” analysis related to employee benefits.
  • Develop monthly and annual payroll budget.
  • Design periodic payroll management reports and analysis.
  • Assist the accounting department in controlling and auditing payroll payments.

The Contents:

IPayroll: The Important Link between Human Resources and Accounting

  • Introduction to the HR Function
  • Introduction to Accounting Function
  • Importance of Payroll Function as a Link between HR and Accounting
  • Understanding the Hiring Process Documentation
  • Managing Payroll Process for: 
  • Contract Professionals
  • Full Time Employees
  • Temporary Help
  • Outsourcing

Preparing and Calculating Payroll 

  • Looking for the Right Controls before Starting
  • Determining the Right Calculation Basis for Payroll
  • Elements of Risk Leading to Payroll Mistakes
  • Managing Increments, Deductions and Payroll Approvals
  • Preparing Payroll Schedules

Employee Loans and Benefits

  • Controlling Access to Loans
  • Reporting on Loans Status
  • Calculating End of Service Benefits for Company and Employees
  • Reporting on Benefit Plans

Accounting Department Role in Payroll Process

  • Recording Payroll Expense and Liabilities
  • 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

Payroll Budgeting

  • Budget for Payroll Department Expenses
  • Prepare 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
  • Determining Corporate Contributions
  • Reporting Results to the Accounting Department
  • Coordinating with Accounting Department Regarding Payment Process and Control
  • Reporting to Ministry of Labor
  • Reporting to Social Security Authorities
  • Reporting to Other Regulatory Agencies

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