• Payroll: the important link between human resources and accounting
  • Introduction to the HR function
  • Introduction to accounting function
  • Introduction to finance function
  • Payroll as a link between HR and accounting and finance
  • Understanding the hiring process documentation
  • Managing payroll process for:
    • Contract professionals
    • Full time employees
    • Temporary help
    • Outsourcing
• Preparing and calculating payroll
  • Looking for the right controls before starting
  • Determining the right calculation basis for payroll
  • Elements of risk leading to payroll mistakes
  • Managing increments and deductions
  • Payroll approvals
  • Preparing payroll schedules
• Employee loans and benefits
  • Access to employee benefits
  • Controlling access to loans
  • Reporting on loans status
  • Calculating end of service benefits for company and employees
  • Reporting on benefit plans

• Accounting and auditors roles in payroll process
  • Recording payroll expense and liabilities
  • Recording payroll and benefits costs to assets or inventory
  • Recording payroll related contributions and liabilities
  • Reconciling receivables from and payables to employees with payroll department
  • Reconciling liabilities with social security and other governmental agencies
  • Reconciling payments with bank accounts transactions
  • Introduction to internal audit and external audit
  • Auditing the payroll
• Payroll budgeting
  • Budgeting for payroll department expenses
  • Preparing the yearly budget for payroll and contributions for the company
  • Budgeting for employee loans and other benefits
• Reporting payroll and contributions
  • Determining contribution expense for individuals
  • Determining corporate contributions
  • Reporting results to the accounting department
  • Coordinating with accounting department regarding payment process and control
  • Reporting to ministry of labor
  • Reporting to social security authorities
  • Reporting to other regulatory agencies

Training Methodology:

This interactive training course includes the following training methodologies as a percentage of the total tuition hours:

• 30% Lectures, Concepts, Role Play
• 30% Workshops & Work Presentations, Techniques
• 20% Based on Case Studies & Practical Exercises
• 20% Videos, Software & General Discussions
• Pre and Post Test

Fees

 The Fee for the seminar, including instruction materials, documentation, lunch, coffee/tea breaks & snack is: