Pioneers in Global Leadership and Quality Management 

Payroll: Preparation, Analysis and Management

Advanced Payroll Planning, Management Control & Effective Analysis


Employee costs from payroll and other benefits are among the largest costs in any company other than the Cost of Goods Sold (COGS), rent and depreciation. If you are in a goods producing organization and this cost is part of your COGS or part of your operating costs, it means the effect on you will be doubled. Having these costs processed and reported properly is key for analysis and decision making. This course starts with introductions about the departments of HR and 'accounting and finance' then focuses on the payroll function.

The course goes through the process of preparing and calculating payroll and includes the controls needed and the pre-checks necessary to make sure correct data is used. The course enforces the knowledge of controls and proper processes in the work flow to achieve better efficiency in the department.

Employee benefits and their effect on the corporation are discussed and we explain how to conduct analysis on payroll and benefits using Excel. In addition, the course highlights the topics of accounting, internal and external audit relations with HR and payroll, and the data that could be required by them. The course then stresses the need for confidentiality in the payroll department and the importance of sharing data with others on a need to know basis or as per corporate policies. The course ends with ways to prepare budgets for the department and payroll and benefit costs of the corporation.


Key Highlights

  • Controlling employee costs
  • Preparing and producing payroll
  • Analyzing and reporting payroll
  • Reconciling payroll
  • Budgeting for payroll expenses
  • Budgeting for department expenses and needed assets


Training Objectives

By the end of the course, participants will be able to:

  • By the end of the course, participants will be able to:
  • Explain how the HR and accounting and finance functions contribute to their success
  • Prepare the monthly payroll and review it for accuracy
  • Calculate employee benefits, loans vacations and End of Service Benefits (EOSB)
  • Reconcile payroll with accounting and audit the supporting documents for payments
  • Develop monthly and annual payroll budgets
  • Design periodic payroll management reports and analysis

Who Should Attend

This course is suitable to a wide range of professionals but will greatly benefit: 

  • Payroll staff, payroll accountants, account assistants, payroll supervisors and managers, HR professionals and team members who handle payroll as well as employees interested in understanding and applying payroll best practices.


Compressed Program Outline ( Please Contact us for a Detailed Program Outline

Designing accounting and finance manual
Accounting department setup
Accounting concepts and their application
Chart of accounts
Long term assets
Liabilities
Production and inventory processing
Accounts receivables policies
Other accounting policies
Reporting

also available for 10 day training courses and 2 to 3 days In-House 

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Out of Safety for all our Clients, All our Courses are available for Live Online Training 

DATES AND VENUES

Also available for 2 to 3 day durations as well as 10 to 30-day training durations In-House and Live online


Reach us today via email, ​WhatsApp, our website Chat system below or ​Simply leave us a Message on the Chat system and we'll get back to you
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