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Advanced Payroll Preparing and Analysis Practical Workshop

Advanced Payroll Preparing and Analysis Practical Workshop
Gain insights into how HR and Finance functions collaborate to ensure accurate and efficient payroll processing. Learn to prepare monthly payroll and review it for precision, calculate taxes, social insurance contributions, employee benefits, loans, vacation entitlements, and End of Service Benefits (EOSB). etc.

Mastering the Integration of HR and Finance Functions in Payroll Management

Develop expertise in reconciling payroll with accounting records, auditing payment-supporting documents, and creating monthly and annual payroll budgets. By the end of this training, you will also be able to design comprehensive payroll management reports and perform detailed analyses. Printed materials will be provided for hands-on practice.

Enhance Payroll Accuracy

Streamline Payroll Operations

Master Complex Payroll Processes

Ensure Compliance and Efficiency

Careerians training day
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Training Outlines

Training Outlines

1. Warming up:

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

2. Preparing and Calculating Payroll:

  • Establishing Payroll Controls.
  • Defining Calculation Bases.
  • Managing Earnings, Additions and Deductions
  • Calculating Governmental deus such as (Social Insurance, Taxes, Military fund. etc.)
  • Calculating Employee Benefits.
  • Monitoring Loans and Advances.
  • Processing End of Service Benefits (EOSB).
  • Identifying Risks and Errors.
  • Preparing Payroll Schedules.
  • Securing Approvals.

3. Payroll Analysis:

  • Recording Payroll Expenses and Liabilities.
  • Allocating Payroll and Benefits Costs.
  • Documenting Contributions and Liabilities.
  • Reconciling Employee Transactions.
  • Reconciling Government Liabilities.
  • Matching Payments with Bank Transactions.
  • Auditing Payroll Processes.

4. 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.

5. Reporting Payroll and Contributions:

  • Determining contribution expense for individuals.
  • Determining corporate contributions.
  • Reporting results to the Finance department.
  • Coordinating with Finance department regarding payment process and control.
  • Reporting regulatory to related governmental authorities.
Enroll Now to Lead with Precision and Confidence!
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