Payroll Accounting Basics

(79 Reviews)

226 Students

Course Overview

The Payroll Accounting Basics course provides a foundational understanding of how to manage and record payroll transactions in compliance with tax laws and accounting standards. This course is designed to help learners understand key payroll concepts, calculations, and reporting practices used in businesses of all sizes.

Key Features

  • Beginner-friendly modules
  • Real-world payroll case studies
  • Downloadable templates and forms
  • Instructor-led video lessons
  • Quiz-based knowledge checks
  • Certificate of Completion
  • Lifetime access & mobile-friendly

Learning Outcomes

By the end of this course, learners will be able to:

  • Understand payroll terminology and payroll systems
  • Calculate gross pay, deductions, and net pay
  • Record payroll journal entries and post to the general ledger
  • Comply with statutory tax and labor requirements
  • Prepare payroll reports and remittances
  • Understand employee vs. contractor payroll handling

Who Should Take This Course?

  • Small business owners and entrepreneurs
  • HR and admin professionals
  • Aspiring accountants or bookkeepers
  • Freelancers handling multiple clients
  • Students in accounting or business studies

Assessment

  • Multiple-choice quizzes after each module
  • Practical case-based assignment
  • Final assessment test for certification

Requirements

  • Basic understanding of business or accounting terms
  • No prior payroll experience needed
  • Access to a calculator or spreadsheet software is recommended

FAQs

Q1: Is this course suitable for beginners?
A: Yes, it’s designed for learners with little to no prior payroll experience.

Q2: Will I receive a certificate?
A: Yes, you will get a digital Certificate of Completion after passing the final test.

Q3: Does the course cover international payroll?
A: The focus is on general principles, with U.S. examples. However, the core concepts are transferable.

Q4: Do I need accounting software?
A: No, but familiarity with spreadsheets or accounting software will enhance your learning.

Q5: Can I access the course offline?
A: Downloadable materials are provided for offline study, but videos require internet access.

Additional Sections (Optional but Helpful)

Real-World Application Section:
Learn how payroll is handled in startups, SMEs, and multinational companies through industry-specific examples.

Career Path Insights:
Roles such as Payroll Clerk, HR Assistant, and Junior Accountant become more accessible after course completion.

Course Curriculum

Module 1: Introduction to Payroll

What is Payroll Accounting?

Legal Framework and Importance

Key Payroll Terminologies and Concepts

Employees vs. Independent Contractors

Full-time, Part-time, and Temporary Roles

Exempt vs. Non-Exempt Employees

Gross Salary, Allowances, And Overtime

Statutory And Voluntary Deductions

Net Pay Calculation

Payroll Cycles And Methods

Timesheets, Attendance, And Approval

Deductions and Statutory Compliance

Debit And Credit Entries

Posting To The Ledger

Adjusting Entries for Accrued Payroll

Income Tax, Social Security, Pension Contributions

Regional Or National Tax Forms And Deadlines

Employee Benefits and Tax Implications

Payslips, Payroll Summaries, Audit Logs

Common Payroll Mistakes And How To Avoid Them

Compliance with Tax and Labor Regulations

Payroll Accounting Basics

£25

Certificate

Yes

Unit

20

Quiz

2