PAYROLL MANAGEMENT & EFFECTIVE PAYROLL CONTROLS

The efficient management of the payroll function is crucial for any business with multiple employees. It is an aspect that requires attention to detail and careful observation of the regulatory environment. The integration of the payroll function with the finance and human resource departments further contributes to the operational management of a successful organization.

This course gives a comprehensive understanding of the principles of payroll management and effective controls with a strong emphasis on practical application in the working environment.  Whether you are seeking to manage these functions within your organization or to diversify your skillset for career progression, this training course will provide you with the skills and knowledge needed to perform the vital function of payroll management and the effective implementation of controls.

You will find value in taking this training course by formalizing and updating your skills and learning the most up-to-date processes and best practices involved in the payroll function.

  • How to effectively run a compliant payroll office
  • How to generate information and reports for internal and external use
  • How to plan, organize, implement and monitor work within the payroll environment
  • Integration of payroll into the HR and finance departments
  • Mitigating risk and implementation of controls
  • Performance of internal and external payroll audits

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 Centre, Pay Points and Job Codes
  • Maintaining Employee Data
  • Processing Leave
  • Setting up Pay slips 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

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 3

Corporate Integration

  • Linking Payroll with 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

Outbound Activities Aimed At Improving:

  • Communication
  • Teamwork
  • Confidence
  • Motivation

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

  • Payroll Administrators who wish to enhance their payroll knowledge and application
  • Human Resource professionals who wish to gain a better understanding of the payroll system and how it is integrated into the corporate human resource environment
  • Accountants who wish to diversify their skillset for career progression

  • Face To Face
  • Role playing
  • Post session assessment
  • Video presentation
  • Case study

  • English
  • Indonesia