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Credits

Sponsored by Lorman Education
Product ID: 404671EAU
 
Credit & Course Provided by:

Payroll Accounting Best Practices

OnDemand Webinar (85 minutes)

Understand the payroll account concept and why it is vital for the payroll process.Payroll accounting and best practices are essential functions in the payroll process. Payroll professionals must know the payroll accounting concepts and how each payroll transaction impacts the company financial statements. Implementing best practices will ensure data validation, effective reconciliation process, a simplified approach of identifying and timely resolving payroll accounting issues. This content will help payroll professionals understand the importance of reviewing and reporting accurate payroll data.

Authors

Clarissia L. Harris, CPP, MBA, Guarantee Payroll Service of Atlanta

Agenda

Discuss the Accounting Flow and How Payroll Transaction Impacts the Company Financial Statements

How to Identify and Resolve Payroll Accounts Variances

Best Approach in Creating and Updating Sox Compliance Narratives

The Key Payroll Reports Required for Accounts Reconciliations

Discuss Payroll Accruals and Reversal Process

Debit and Credit Rule Concepts

Types of Payroll Accounting Journal Entries

Understanding Sox Compliance Narratives and Walk Throughs

Top 10 Payroll Compliance Mistakes

Importance of Labor Costing and Wage Allocations

Additional Formats

Audio & Reference ManualMore Info
MP3 DownloadMore Info