The collection of payroll data and its conversion into paychecks is highly labor-intensive and beset by recordkeeping errors. In this payroll account course, we describe the techniques that can be used to convert this deeply inefficient process into one of the most efficient cost centers in a company. The accounting payroll course focuses on such areas as improvements to the timekeeping system, changes to the payroll cycle, streamlining payroll deductions, and altering the system of payroll measurements.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Describe the different types of timekeeping systems and their attributes.
Explain the durations of the different payroll cycles.
Describe the methods available for reducing or eliminating advances to employees.
Identify the contents of a pay stub.
Specify the alternatives available for calculating the more complex commission payments.
Major Topics
Data Collection Inefficiencies
Data Error Problems
Employee Deductions
Payroll Calculations
Technology Issues
Staffing Impact
