Payroll Accounting: Basic Principles

Practical examples and exercises give you the knowledge and  skills required to excel at your payroll accounting responsibilities throughout  the accounting cycle, including journal entries, accruals, reversals,  reconciliations and more.

Get the Hands-on Examples and Exercises You Need

There are many facets of payroll accounting from general ledger postings to labour cost distribution and bank account reconciliation to segregation of duties. Each has its own need and purpose. One thing for sure is that understanding proper accounting methods is an essential skill for the payroll practitioner.

This full day seminar is packed with hands on practical examples and exercises of the complete payroll accounting cycle, which includes step-by-step instructions on recording journal entries; accounting for accruals and reversals; reconciling payroll expense and liability accounts; reconciling payroll bank accounts; and so much more.

Who should attend?

This introductory professional development seminar is perfect for those new to payroll, experienced payroll practitioners, payroll analysts, and specialists, or if you oversee the payroll department, if you are responsible for reconciling payroll accounts and journal entries, or if you might simply need to gain an understanding of payroll accounting; this seminar will provide you with the knowledge and skill required to excel at your accounting responsibilities within the payroll function.

The curriculum covers:

What is payroll accounting?

  • Accounting basics
  • Financial transactions
  • The accounting equation
  • Chart of accounts
  • Journal entries and T accounts
  • Effects of debits and credits
 

Payroll Journal Entries and Accruals

  • Payroll source documentation
  • Posting payroll entries to the general ledger
  • Cancelled/recalled pays
  • Accruals and reversals
 

Documentation/Authorization/Controls

  • Controls within payroll
  • Internal controls and prevention measures
  • Audits
  • Record keeping
 

Reconciling Payroll General Ledger Accounts

  • Reconciling expense and liability accounts
  • Account reconciliations:
    • Bank reconciliation
    • Balancing the payroll tax account
    • Analyzing accounts
 

Information Provision, Financial Planning and Budgeting

  • Reporting to internal sources on payroll
  • Direct/indirect labour
  • Financial planning and payroll
  • Budgeting
  • Variance

Your registration  includes: seminar presentation, course reference manual and handouts, exercises with answers, continental  breakfast, lunch and refreshments for all breaks.

Dress  code is business casual. Please dress in layers to accommodate  temperature fluctuations.

CANCELLATIONS  OR SEMINAR TRANSFER: Requests must be received in writing at least five (5)  business days prior to the seminar date. Please note a cancellation fee or  transfer fee in the amount of $50 plus applicable taxes per day/per registrant  for all sessions cancelled or transferred will apply. Cancellation or transfer  requests received less than 5 business days prior to the seminar date are not  eligible for transfer or refund.

FOR  ANY QUESTIONS  or concerns regarding this registration, please contact  member services at membership@payroll.ca

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Upcoming Sessions


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Members

$449.00

Early-bird *

$399.00

* Register 14 days prior to seminar date

Non-Members

$549.00

Early-bird *

$499.00

* Register 14 days prior to seminar date