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About This Course

Who this course is for:

  • Accountants
  • Business managers
  • Business owners

What you’ll learn: 

  • Describe the main components of payroll including allowances, taxes and deductions
  • Explain the terms Gross Pay, Taxable Pay and Net Pay
  • Identify the statutory taxes and deductions applicable in the United States, Canada and the United Kingdom
  • Complete the main Journal Entries required to process payroll 
  • Describe the elements recorded in a Payroll Register

Requirements: 

  • No prior knowledge is required to take this course

Welcome to an Introduction to Payroll Accounting.

This course provides an overview of payroll accounting. It is aimed at accountants and business managers and owners new to payroll accounting and looking for straightforward coverage of the key elements and features of payroll.

In this course, we will cover the core elements of payroll; how gross pay is calculated; and issues when dealing with tips and benefits in kind. We’ll also look at tax-exempt deductions and the statutory deductions from pay.

We’ll review the main elements of payroll taxation and social security contributions including the terminology used in the United States, Canada and the United Kingdom.

And we’ll cover the calculation of Net Pay – that is the amount that the employee actually receives in their bank account. Finally, we’ll explore the main journal entries required in the accounts.

The principles and structure of payroll accounting are common across many jurisdictions, and the learning in this course applies in many countries of the world. For this reason, the course does not go into the detail of any country-specific legislation or regulations, and does not cover the particular tax rates, tax bands or deduction rates that apply in different jurisdictions.

This course provides a grounding in the principles and structure of payroll accounting whatever your country of operation. I hope you enjoy it.

Our Promise to You

By the end of this course, you will have learned payroll accounting.

30 Day Money Back Guarantee. If you are unsatisfied for any reason, simply contact us and we’ll give you a full refund. No questions asked.

Get started today and learn more about payroll management.

Course Curriculum

55m

Section 1 - Payroll Accounting
Overview Of Payroll Accounting 00:00:00
Getting To Gross Pay 00:00:00
Allowances And Deductions 00:00:00
Income Taxes And Social Security Contributions 00:00:00
The Calculation Of Net Pay 00:00:00
Specific Payroll Terminology For The US, Canada, And The UK 00:00:00
Payroll Journal Entries 00:00:00
Final Thoughts On Payroll Accounting 00:00:00
Appendix – The Payroll Register 00:00:00
Knowledge Review 00:00:00
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