/  Payroll - Preparation, Analysis and Management
All courses in Singapore have been cancelled .
BMC Training provides on 27 Jun 2021 Payroll - Preparation, Analysis and Management course [Finance , Accounting and Budgeting] in Singapore,Singapore

Program Objectives:
By the end of the program, participants will be able to:

  • ?Determine the needed documentation in the payroll cycle.
  • Prepare and reconcile the monthly payroll.
  • Calculate contributions based on different assumptions for employer and employee.
  • Perform “What If” analysis related to employee benefits.
  • Develop monthly and annual payroll budget.
  • Design periodic payroll management reports and analysis.
  • Assist the accounting department in controlling and auditing payroll payments.

The Contents:

IPayroll: The Important Link between Human Resources and Accounting

  • Introduction to the HR Function
  • Introduction to Accounting Function
  • Importance of Payroll Function as a Link between HR and Accounting
  • Understanding the Hiring Process Documentation
  • Managing Payroll Process for: 
  • Contract Professionals
  • Full Time Employees
  • Temporary Help
  • Outsourcing

Preparing and Calculating Payroll 

  • Looking for the Right Controls before Starting
  • Determining the Right Calculation Basis for Payroll
  • Elements of Risk Leading to Payroll Mistakes
  • Managing Increments, Deductions and Payroll Approvals
  • Preparing Payroll Schedules

Employee Loans and Benefits

  • Controlling Access to Loans
  • Reporting on Loans Status
  • Calculating End of Service Benefits for Company and Employees
  • Reporting on Benefit Plans

Accounting Department Role in Payroll Process

  • Recording Payroll Expense and Liabilities
  • Recording Payroll-Related Contributions and Liabilities
  • Reconciling Receivables from and Payables to Employees with Payroll Department
  • Reconciling Liabilities with Social Security and Other Governmental Agencies
  • Reconciling Payments with Bank Accounts Transactions

Payroll Budgeting

  • Budget for Payroll Department Expenses
  • Prepare the Yearly Budget for Payroll and Contributions for the Company
  • Budgeting for Employee Loans and Other Benefits

Reporting Payroll and Contributions

  • Determining Contribution Expense for Individuals
  • Determining Corporate Contributions
  • Reporting Results to the Accounting Department
  • Coordinating with Accounting Department Regarding Payment Process and Control
  • Reporting to Ministry of Labor
  • Reporting to Social Security Authorities
  • Reporting to Other Regulatory Agencies



Related Training Courses

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Course Details
  • Code FBA153
  • TIME    08:00 AM - 11:15 AM
  • DATE    Jun 27 2021 - Jul 1 2021
  • Singapore , Ibis Singapore Novena
  • +44 2087206971
  • Support@bmc.net

Fees Per Person

7000 GBP + VAT
Other Dates

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