Management

Training Course: Payroll Management & Effective Payroll Controls


Register Now
Quick Inquiry
Discount Group Download Brochure (9)

MA234682

15 - 19 Jul 2024

Amsterdam (Netherlands)

Hotel : Grand Hotel Amrâth Amsterdam

Cost : 5250 € Euro

Introduction

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 intensive 5-day training 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 diversify your skill set 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.
Participants will develop the following competencies:

  • Understanding the payroll regulatory and compliance environment
  • Confidence in managing the payroll department
  • Skills to identify risk and implement controls
  • Ability to integrate the payroll division with the HR and finance department

Course Objective of Payroll Management & Effective Payroll Controls 

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

Course Methodology of Payroll Management & Effective Payroll Controls
The Payroll Management & Effective Payroll Controls training course will be taught in an interactive manner, using lectures,
lessons learned, practical examples, video materials, case studies, software demonstrations, shared participant experiences, and practice sessions. There will be group work as well as individual exercises. Delegates will be encouraged to participate actively.
Course summary of Payroll Management & Effective Payroll Controls 
This training covers essential skills in managing the payroll division. It looks at the regulatory environment, practical payroll implementation, and management as well as integration
with the corporate finance and human resource departments.

Target Audience of Payroll Management & Effective Payroll Controls

  • 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 skill set for career progression

Course outlines 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

Management

Training Course: Payroll Management & Effective Payroll Controls


Register Now
Quick Inquiry
Discount Group Download Brochure (9)

MA234682

15 - 19 Jul 2024

Amsterdam (Netherlands) - Grand Hotel Amrâth Amsterdam

Hotel : Grand Hotel Amrâth Amsterdam

Cost: 5250 € Euro


  About Amsterdam

Amsterdam, capital of the Netherlands, is a popular destination amongst travelers from all around the world. Once just a little fishing village, Amsterdam is now a major international city after having become an important port during the 1600s. Throughout its history, the city has had many famous residents, including artists, philosophers and other historical figures. There is much to discover along Amsterdam's quaint streets and picturesque canals. So much so that a flight to Amsterdam comes with a guarantee of cultural and historical attractions that will provide memories to last a lifetime. Amsterdam is a hotbed of culture for travelers of all ages and tastes.


  Things to do and places to visit in Amsterdam

From the moment passengers step off their flight to Amsterdam, they will find it a friendly city with a lively atmosphere. Its flat geography means that it is perfect for exploring by bicycle. If you're feeling less active, it the city is also well-served by public transport. The so-called Venice of the North has something for every visitor. Culture vultures have museums, galleries and theaters to see, Families can visit the zoo or the Science Center NEMO.

When visiting Amsterdam, be sure to:

  • See the picture-perfect and colorful houses of the Grachtengordel district.
  • See the iconic works of one of Holland's most famous artists at the Van Gogh Museum.
  • Visit the house where Anne Frank and her family hid from the Nazis.
  • Browse through the extensive collection of fantastic art in the Rijksmusem.
  • Wander through the blaze of colors that is the Singel Flower Market.
  • See the city at a leisurely pace on a canal cruise.
  • Marvel at one of the city's many historic churches.
  • Learn about life aboard a ship at the National Maritime Museum.
  • Discover the Begijnhof's well-preserved medieval architecture.
  • See animals of all kinds, as well as the butterfly pavilion and aquarium, at the Artis Zoo.
 22 Portman Square, Marylebone, London W1H 7BG, UK
 3 Oudai street, Aldouki, Giza, Giza Governorate, Egypt
 0020233379764
 00201095004484
 00201102960555
 00201102960666
 19 Mayıs Mahallesi, 19 Mayis Street No 2 Sisli, 34360 Istanbul/Turkey
 00905357839460
 Australia Street, Raouche Beirut, Lebanon .، Beirut, Lebanon
 0096181746278
 811 Massachusetts Avenue, Boston, Massachusetts, 02118, USA
 6 Beirut Street - Fifth Circle Abdoun, P.O. Box 831370, 11183 Amman, Jordan
Copyright Global Horizon Training Center © 2019