An Introduction to Payroll Accounting
ideas2action
Summary
- Reed courses certificate of completion - Free
Add to basket or enquire
Overview
This course provides a grounding in the principles and structure of payroll accounting whatever your country of operation.
In this course we will cover the core elements of payroll; how gross pay is calculated; and issues when dealing with tips and benefits in kind. We’ll also look at tax-exempt deductions and the statutory deductions from pay.
We’ll review the main elements of payroll taxation and social security contributions including the terminology used in the United States, Canada and the United Kingdom.
Curriculum
Course media
Description
And we’ll cover the calculation of Net Pay – that is the amount that the employee actually receives in their bank account. Finally we’ll explore the main journal entries required in the accounts.
The principles and structure of payroll accounting are common across many jurisdictions, and the learning in this course applies in many countries of the world. For this reason, the course does not go into the detail of any country-specific legislation or regulations, and does not cover the particular tax rates, tax bands or deduction rates that apply in different jurisdictions.
On completion of the course, delegates will be able to:
- Describe the main components of payroll including allowances, taxes and deductions.
- Explain the terms Gross Pay, Taxable Pay and Net Pay
- Identify the statutory taxes and deductions applicable in the United States, Canada and the United Kingdom
- Complete the main Journal Entries required to process payroll
- Describe the elements recorded in a Payroll Register
Who is this course for?
This course is aimed at accountants, business managers and owners new to payroll accounting and looking for straightforward coverage of the key elements and features of payroll.
Requirements
No requirements
Questions and answers
Currently there are no Q&As for this course. Be the first to ask a question.
Certificates
Reed courses certificate of completion
Digital certificate - Included
Will be downloadable when all lectures have been completed
Reviews
Currently there are no reviews for this course. Be the first to leave a review.
Legal information
This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.