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.

!! IMPORTANT !!

Sound for this online session is streamed directly through your computer or electronic device. Participants will not be provided with a dial-in number.

Please test check your system BEFORE you register. Make sure you are connected via your local desktop (not through your company’s server) to perform this test and view the future presentation. Click here to test your system and for troubleshooting tips.

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

Please note that after registering online for this event, you will receive an email confirmation that confirms your registration. Confirmation emails are sent approximately within 2 business days after the registration has been processed.

Three business days before the live event, you will be sent the link to access the online PD seminar on the scheduled day.

Cancellations or Transfers: requests must be received in writing at least four (4) business days prior to the online seminar date. Please note a cancellation fee or transfer fee in the amount of $50 plus applicable taxes will be applied. Cancellation or transfer requests received after the login information has been provided are not eligible for a transfer or refund.

LENGTH:

Upcoming Seminars


Members

$399.00

Early-bird *

$399.00

* Register 14 days prior to seminar date

Non-Members

$499.00

Early-bird *

$499.00

* Register 14 days prior to seminar date