Payroll Accounting Best Practices

Lorman Education Services
Training overview
Professional Course
Self-paced Online
1 hour
From 149 USD
Start dates
Online
149 USD
Start anytime

Course description

Payroll Accounting Best Practices

Payroll costs are the largest expense of any organization, and payroll accounting involves much more than ensuring the debits equal the credits.

A solid process for accurate and compliant payroll accounting must include knowledge and understanding of Internal Revenue Service (IRS) regulations and taxation, audit controls, and data security. With the emergence of the remote workforce, understanding these issues becomes more critical. Do you have a disaster recovery plan? Is there a solid flow of information between payroll, human resources, accounting, and IT? Failure to understand these basic principles could result in fraud, penalties, and interest for noncompliance, loss of reputation, and even the demise of your business. Learning the regulations, knowing what data security tools to have in place (including a disaster recovery plan), and implementing audit controls are vital to the financial and employee health of your company. You will be provided with the information and tools you need to develop and maintain a solid and accurate system of controls, policies, and procedures. Protect your business, your data, your money, and your employees.

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Who should attend?

This live webinar is designed for payroll managers, human resource and benefits professionals, controllers, CFOs, accountants, bookkeepers, and business owners.

Training content

Internal Revenue Service (IRS) Regulations

  • Document Retention
  • The Importance of Publication 15-B
  • Resources Available From the IRS

Audit Controls

  • Security Profiles to Protect Your Data
  • Checklists – What to Identify and How to Use
  • Remote Workforce Considerations
  • Maintaining Policies and Procedures – What to Include

Disaster Recovery

  • Steps to Evaluate Who and What Should Be Included in the Plan
  • Communicating the Plan
  • Testing the Plan

Certification / Credits

Credits: AIPB ,CPP/FPC ,ASA ,HR Certification Institute ,CPE ,SHRM

Learning Objectives

  • You will be able to define the data security and disaster recovery protocols required in payroll accounting.
  • You will be able to discuss the controls you need in place to ensure accurate payroll data.
  • You will be able to identify the procedures and policies that are part of payroll accounting best practices.
  • You will be able to recognize the improvements you may need to make to your current payroll accounting process solid.

About Lorman Education Services

Lorman Education Services - Live and On-Demand Courses

Lorman Education Services is a leading provider of online professional development and corporate training for organizations and individual professionals. For more than 30 years, Lorman has delivered relevant, high-quality, professional-level courses that cover a broad range of business and technical...


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Contact info

Lorman Education Services

Lorman Education Services
2510 Alpine Road
54702 Eau Claire Wisconsin

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