Payroll Management and Accounting: Payroll Calculations, Taxes, and Compliance, Complete Professional Guide for Success.
Sub Category
- Human Resources
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Objectives
- Understand the fundamental principles and concepts of payroll accounting used in modern organizations.
- Learn the roles and responsibilities of the payroll department and how payroll systems operate within businesses.
- Identify and apply key payroll terminology and payroll management concepts.
- Understand employee classification, including employees and independent contractors.
- Learn how to calculate gross pay for hourly and salaried employees.
- Understand overtime regulations and compensation requirements.
- Learn how mandatory payroll deductions such as income taxes, Social Security, and Medicare are applied.
- Understand voluntary payroll deductions including health insurance and retirement plan contributions.
- Learn about employer payroll tax responsibilities, including unemployment taxes and benefit contributions.
- Understand how to record payroll transactions and payroll liabilities in accounting systems.
- Learn the process of preparing payroll reports and maintaining payroll records.
- Understand payroll compliance, internal controls, and ethical payroll practices within organizations.
Pre Requisites
- No prior knowledge of payroll accounting is required; this course is designed for beginners as well as learners who want to strengthen their understanding of payroll systems.
- Willingness to learn and develop practical knowledge of payroll accounting, payroll taxes, and payroll management processes.
FAQ
- Q. How long do I have access to the course materials?
- A. You can view and review the lecture materials indefinitely, like an on-demand channel.
- Q. Can I take my courses with me wherever I go?
- A. Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don't have an internet connection, some instructors also let their students download course lectures. That's up to the instructor though, so make sure you get on their good side!
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