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Payroll Accounting Introduction
This course prepares the learner with the basic knowledge needed to administer the accounting for payroll.
This Course Includes
udemy
3.4 (369 reviews )
1 total hour 
english
Online - Self Paced
course
Udemy
About Payroll Accounting Introduction
This course prepares the learner with the basic knowledge needed to administer the accounting for payroll. We start with a brief overview of payroll accounting. We will discuss debits, credits, liabilities, and assets. We then walk through an example of recording journal entries for payroll transactions and accruals for a month. The material taught in this course will enhance the skill-set of the payroll practitioner looking to advance in his/her career.
We review examples of:
If you would like Continuing Education Credit (e.g. CPE, CE, CPD, etc.) for this course, it is available if you take this course on the Illumeo dot com platform under course title: Introduction to Payroll Accounting. Illumeo is certified to provide CPE in over two dozen different professional certifications covering finance, accounting, treasury, internal audit, HR, and more. However, in order to receive CPE credit the courses must be taken on an ‘approved-by-the-governing-body’ CPE platform, and for over two dozen corporate professional certifications, that is the Illumeo platform. Go to Illumeo dot com to learn more.
What You Will Learn?
- Define liability and asset accounts for payroll transactions..
- Identify payroll transactions that should be posted to a liability or asset account..
- Define debit and credit..
- Recognize the processes to ensure correct accounting of the payroll..
- Discover how payroll practices impact the cost of operating a payroll organization..
- Discover how to prepare payroll journal entries for the general ledger posting..