Payroll Management & Effective Payroll Controls

DAY 1
PAYROLL ENVIRONMENT

• Types of payroll systems

• How to effectively run your payroll department/office

• The acts that govern payroll

• Integration with company policies

• Responsibility of the payroll administrator

• Internal payroll audit

DAY 2
PRACTICAL PAYROLL IMPLEMENTATION

• The key steps involved in payroll activities.

• Creating cost centers, pay points, and job codes

• Maintaining employee data

• Processing leave

• Setting up payslips and ensuring regulatory compliance

• Capturing overtime and additional payment information

• Making amendments and accounting for specific

• transactions

• Updating to new pay period and month-end procedures

DAY 3
CORPORATE INTEGRATION

• Linking payroll with the company finance department

• Recording of payroll transactions in the accounting records

• Application of payroll accruals

• Common payroll measurements and how they are used

• Contents of the various payroll reports and how to use

• them

• How to utilize payroll reports for problem-solving

• Payroll and external audit procedures

DAY 4
PAYROLL MANAGEMENT

• Definition of an employee and how an employee

• designation impacts payroll

• Employee time management and tracking

• Employee compensation

• Additional employee benefits

• Types of deductions and why they are used

• Ethical considerations in the payroll function

• Linking payroll with the HR (Human Resource) function

• Setting up your payroll division

DAY 5
EFFECTIVE PAYROLL CONTROLS

• Protection of personal information

• What are internal controls?

• Identifying risks in the payroll cycle

• Implementation of payroll controls

• Evaluating payroll controls

• Outsourcing arrangements and responsibilities

• Common mistakes and how to avoid them