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
Module 2: Employee Classification
Employees vs. Independent Contractors
Full-time, Part-time, and Temporary Roles
Exempt vs. Non-Exempt Employees
Module 3: Payroll Components
Gross Salary, Allowances, And Overtime
Statutory And Voluntary Deductions
Net Pay Calculation
Module 4: Payroll Processing Steps
Payroll Cycles And Methods
Timesheets, Attendance, And Approval
Deductions and Statutory Compliance
Module 5: Payroll Journal Entries
Debit And Credit Entries
Posting To The Ledger
Adjusting Entries for Accrued Payroll
Module 6: Tax and Compliance
Income Tax, Social Security, Pension Contributions
Regional Or National Tax Forms And Deadlines
Employee Benefits and Tax Implications
Module 7: Payroll Reporting And Audits
Payslips, Payroll Summaries, Audit Logs
Common Payroll Mistakes And How To Avoid Them
Compliance with Tax and Labor Regulations
