Why Practical Payroll Workshop !
Simplify Payroll Management
Build Confidence in Payroll Processing
Learn Payroll Best Practices
Ensure Timely and Accurate Payments
TRAINING OUTLINES:
TRAINING OUTLINES:
1. Warming up:
- Introduction to the HR function and how it’s related to other departments.
- Payroll as a link between HR and accounting or finance depts.
- Managing payroll process for:
- Contracted professionals.
- Full time employees.
- Temporary help.
- Outsourcing
- Looking for the right controls before starting to prepare and calculate payroll.
- Determining the right calculation basis for payroll.
- Elements of risk leading to payroll mistakes.
2. Data Collection and Variables:
- Access to employee benefits.
- Managing additions and deductions.
- Payroll variables.
- Preparing payroll schedules.
3. Payroll Calculations Process and Procedures:
- Calculating Basic Salary and Core Entitlements
- Processing Allowances, Bonuses and any additions.
- Adjusting for Leaves and Absences.
- Processing Loan, Advance and any Deductions.
- Calculating Social Insurance deductions.
- Calculate Taxes deductions.
- Calculating end of service benefits for company and employees.
- Reconciling payments with bank accounts transactions.
4. Reporting Payroll:
- Payroll Monthly and Annual reports.
- Analyze and Determining Head Count Cost for each department.
- Reporting on loans status.
- Reporting on benefit plans.
- Reporting Governmental dues such as Ministry of Labor, Social Insurance Authority, Military Fund ... etc.
- Allocating Payroll and benefits costs to assets or inventory.