Payroll Management - Preparation,
Analysis and Effective Payroll Controls

07 – 11 October 2024
Sandton Centre
Johannesburg South Africa

Untitled design

Register Now! Limited Seats Available!

R17, 999.00 Per Delegate

Description

The efficient management of the payroll function is critical for any business with multiple workers. It requires a
meticulous approach and vigilant monitoring of compliance with regulatory conditions.
Integrating the payroll role with the finance and HR departments is also pivotal to the strategic coordination
toward achieving the operational excellence of a successful organization.
This comprehensive payroll process management training course provides an in-depth understanding of payroll
management and control systems, focusing on their practical application in the workplace.
The program will provides a comprehensive coverage of budget preparation, payroll calculation process,
applicable control methods and pre-checks for ensuring reliable and accurate data creation. Specific emphasize
is made on payroll and benefits analysis using Excel along with internal and external audit functions and their
relation with HR and Payroll

Course Objectives

• Link Human Resource and Accounting Functions and explain how they contribute to each other and to
overall operational process
• Demonstrate the comprehensive understanding of payroll preparation process
• Review the accuracy of monthly payroll and ensure data accuracy
• Calculate Employee Benefits, Vacations, Loans and End of Service Benefits
• Apply effective tools and techniques for the preparation of monthly and annual payroll budgets
• Draft Periodic Payroll reports and Conduct comprehensive analysis
• Assist the accounting department in controlling and auditing payroll payments.

Who Should Attend?

• Payroll staff,
• payroll accountants,
• account assistants,
• payroll supervisors and managers,
• HR professionals and team members who handle payroll as well as any employees interested in
understanding and applying payroll best practices.

The Course Outline
Payroll: The Important Link between Human Resources and Accounting
• Introduction to the HR Function
• Introduction to Accounting Function
• Importance of Payroll Function as a Link between HR and Accounting
• Understanding the Hiring Process Documentation
• Managing Payroll Process for:
• Contract Professionals
• Full Time Employees
• Temporary Help
• Outsourcing
Preparing and Calculating Payroll
• Looking for the Right Controls before Starting
• Determining the Right Calculation Basis for Payroll
• Elements of Risk Leading to Payroll Mistakes
• Managing Increments, Deductions and Payroll Approvals
• Preparing Payroll Schedules
Employee Loans and Benefits
• Controlling Access to Loans
• Reporting on Loans Status
• Calculating End of Service Benefits for Company and Employees
• Reporting on Benefit Plans

Accounting Department Role in Payroll Process

• Recording Payroll Expense and Liabilities
• Recording Payroll-Related Contributions and Liabilities
• Reconciling Receivables from and Payables to Employees with Payroll Department
• Reconciling Liabilities with Social Security and Other Governmental Agencies
• Reconciling Payments with Bank Accounts Transactions


Payroll Budgeting
• Budget for Payroll Department Expenses
• Prepare the Yearly Budget for Payroll and Contributions for the Company
• Budgeting for Employee Loans and Other Benefits


Reporting Payroll and Contributions
• Determining Contribution Expense for Individuals
• Determining Corporate Contributions
• Reporting Results to the Accounting Department
• Coordinating with Accounting Department Regarding Payment Process and Control
• Reporting to Ministry of Labor
• Reporting to Social Security Authorities
• Reporting to Other Regulatory Agencies

End of the workshop

IN HOUSE AND ONLINE TRAINING

in

While both In-House and Online training can present with cost-effectiveness and time-efficacy, there are some very specific differences between in-house courses and those based online.
The demand for additional courses by individuals or groups of people is increasing. Still, it depends entirely on the preferences of a person what type of training he or she wants to receive. Online courses and in-house training carry some similarities but they are considered to exhibit some very pivotal differences too. Despite that, both types of learning can be really beneficial for attendees.

For Registration and other Training arrangements,
contact us on the detail below.

SOUTH AFRICA : +27 11 057 6001
TANZANIA Cell: +255 769 688 544
WhatsApp +27 79 574 0389
info@bmktraining.co.za / www.bmktraining.com