PAYROLL: PREPARATION, ANALYSIS AND MANAGEMENT

Content

Overview of Payroll

• Introduction to the HR Function
• Payroll as a Link Between HR, Accounting and Finance
• Managing Payroll Process
• Hiring Process Documentation

Payroll Budgeting

• Budgeting for Payroll Department Expenses
• Budgeting for Employee Loans and Other Benefits
• Preparing the Yearly Budget for Payroll
• Contributions for the Company

Employee Loans and Benefits

• Access to Employee Benefits
• Controlling Access to Loans
• Repaying on Loans Status
• Calculating End of Service Benefits for Company and Employees

Preparing and Calculating Payroll

• Preparing Payroll Schedules
• Payroll Approvals
• Managing Increments and Deductions
• Elements of Risk Leading to Payroll Mistakes
• Looking for the Right Controls Before Starting

Reporting Payroll and Contributions

• Determining Corporate Contributions
• Reporting Results to the Accounting Department
• Reporting to Regulatory Agencies/Government
• Coordinating with Accounting Department Regarding Payment Process and Control

Accountants and Auditors Roles in Payroll Process

• Recording Payroll Expenses and Liabilities
• Auditing the Payroll
• Reconciling Payments with Bank Accounts Transactions
• Introduction to Internal and External Audit

FOR WHOM: Payroll Staff/Accountants, Account Assistants, Payroll Supervisors, Directors, Managers, Union/Team Leaders, HR Professionals and others team members who handle payroll and as well as employees interested in understanding and applying payroll best practices.

DATE:            10th – 12th July, 2024

                         16th – 18th December, 2024