A Day in the Life of a Payroll Manager NCSC Product Certification Payroll Anytime, Anywhere!

Slides:



Advertisements
Similar presentations
Updated: 12/31/2013 Understanding and Setting up Workers Compensation.
Advertisements

Copyright © 2006 The McGraw-Hill Companies, Inc. All rights reserved. 6-1.
The payroll cycle Learning objectives
11–1 1-1 Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin.
INTERNAL CONTROLS.
ENTREPRENEURSHIP (Ms. Hawkins)
McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 8 Purchasing/ Human Resources/ Payment Process: Recording.
0 - 0.
SUBTRACTING INTEGERS 1. CHANGE THE SUBTRACTION SIGN TO ADDITION
Addition Facts
Section 9 Other Deductions From Pay
Preparing for Year End in Payroll Mindy Harada 1.
ES Sales Learning & Performance Processing Options.
Copyright © 2006 The McGraw-Hill Companies, Inc. All rights reserved
Oregon OSPS Year-End Training Taxable Fringe Benefits and Tax Forms Presented by: Sharon McKeehan Date: October 19, 2010.
Home.
FL Chapter 2 Study Guide KEY…
Addition 1’s to 20.
Week 1.
12 Financial Management 12-1 Financial Planning
The Human Resources Management and Payroll Cycle
Chapter 14 The Human Resources (HR) Management and Payroll Processes
2. Display slide 2 with Procedure step 2 in the lesson.
Chapter 8 Income and Taxes.
Calculating Gross Earnings
Taxes & Spending Payroll Deductions 4.01 – Explain taxes on income.
Payroll Accounting Chapter 12.
Employee Earnings and Deductions
Payroll.
Copyright © 2008 Delmar Learning. All rights reserved. Chapter 18 Financial Management of the Medical Practice.
The Human Resources Management and Payroll Cycle
CHAPTER 6 ANALYZING & JOURNALIZING PAYROLL TRANSACTIONS PAYROLL TRANSACTIONS Payroll Accounting 2012 Bernard J. Bieg and Judith A. Toland Developed by.
Copyright © 2011 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin Chapter 9 Employee Earnings, Deductions, and Payroll.
Preparing Payroll Records
Chapter 13 Preparing Payroll Records. Salary The money paid for employee services.
Chapter 12 Preparing Payroll Time Cards. 2 L 12-1 Paying Employees page 341 Money paid for employee services is called a salary. The period covered by.
Preparing Payroll Records Preparing Payroll Time Cards Salary – money paid for employee services Pay period – period covered by a salary payment.
G1 © Family Economics & Financial Education – Revised November 2004 – Paychecks and Taxes Unit – Understanding Your Paycheck and Tax Forms Funded.
Payroll Terms & Concepts NCSC Product Certification Payroll Anytime, Anywhere!
Payroll Computations, Records, and Payment
Copyright © by The McGraw-Hill Companies, Inc. All rights reserved.Glencoe Accounting Computing Gross Pay Calculating Gross Earnings Section 12.1 gross.
Chapter 8 Income and Taxes  Objectives:  Types of income  Regulations affecting pay  Examples of benefits  Employment classifications and effect on.
Chapter Eight Employee Earnings and Deductions. Copyright © Houghton Mifflin Company. All rights reserved Performance Objectives 1.Understand the.
DETERMINING AND PAYING THE PAYROLL
LESSON 12-1 Preparing Payroll Time Cards
4.01 FORMS OF COMPENSATION / PAY. MONETARY COMPENSATION Wage - The amount of money paid for a specified quantity of labor. Salary - A set amount of money.
G1 © Family Economics & Financial Education – Revised March 2008 – Paychecks and Taxes Unit – Understanding Your Paycheck Funded by a grant from.
Copyright  2006 Pearson Education Canada Inc. 8-1.
Facilitator: Lois Fried, CPP October 9,  Sue Ballard  Michelle Clawson, CPP  Becky Hershberger  Julius Soriano.
Presented by Education Solutions Development, Inc. ANUA 2013, San Antonio, Texas INTRO W2s and Employee Portal Education Solutions Development, Inc.
0 Glencoe Accounting Unit 3 Chapter 12 Copyright © by The McGraw-Hill Companies, Inc. All rights reserved. Unit 3 Accounting for a Payroll System Chapter.
Basic Goals of Payroll System  Prepare and issue payroll checks  Produce records for accounting purposes and reporting to government and management.
PAYROLL ACCOUNTING Chapter 12. Using a Payroll System  Payroll – list of the employees and the payments due to each for a pay period  Pay Period – the.
1.3.4.G1 Paycheck Basics Take Charge Today Introductory Level.
Tax Forms & Deductions. Net Income vs. Gross Income Gross income is the total amount a worker is paid before any required or voluntary deductions are.
7 - 1 © 2004 Prentice Hall Business Publishing, College Accounting: A Practical Approach, 9e by Slater Payroll Concepts and Procedures Chapter 7.
FORMS OF INCOME Wage Minimum Wage Piecework Income Salary Commission Tips Bonus.
Lesson 1: Reading a Pay Stub. Objectives: Identify sections of a pay stub Determine how to calculate net pay Recognize various paycheck deductions.
Payroll & HR Working Together… Bridging the Gap
Understanding Your Paycheck and Tax Forms
LESSON 12-1 Preparing Payroll Time Cards
Getting Paid Advanced Level.
Getting Paid Advanced Level.
The payroll cycle Learning objectives
Getting Paid Advanced Level.
Getting Paid Advanced Level.
Getting Paid Advanced Level.
Getting Paid Advanced Level.
Getting Paid Advanced Level.
Getting Paid Personal Finance.
Presentation transcript:

A Day in the Life of a Payroll Manager NCSC Product Certification Payroll Anytime, Anywhere!

Welcome!

A Day in the Life © Copyright 2011 ADP, Inc. Proprietary and Confidential Information. 3

Welcome! Two payroll managers of midsize companies discuss: Responsibilities Concerns Outsourcing © Copyright 2011 ADP, Inc. Proprietary and Confidential Information. 4

Introduction © Copyright 2011 ADP, Inc. Proprietary and Confidential Information. 5

Introduction © Copyright 2011 ADP, Inc. Proprietary and Confidential Information. 6 Calculations

Payroll Steps © Copyright 2011 ADP, Inc. Proprietary and Confidential Information. 7 Gather time and attendance data Input data Calculate gross, deductions and net Verify data Perform garnishments File and deposit taxes Create G/L reports Create on-demand checks Reconcile issued paychecks with bank

New Hires Personal Information –Name –SSN –Deductions New Hire Reporting © Copyright 2011 ADP, Inc. Proprietary and Confidential Information. 8

Time Collection © Copyright 2011 ADP, Inc. Proprietary and Confidential Information. 9

Pay Rates © Copyright 2011 ADP, Inc. Proprietary and Confidential Information. 10

Taxation Child care (up to $5,000) Disability benefits (employee contributions) Life insurance (group plans under 50k) Medical/dental/health plans (employer contribution) Wages paid after death © Copyright 2011 ADP, Inc. Proprietary and Confidential Information. 11

Circular E © Copyright 2011 ADP, Inc. Proprietary and Confidential Information. 12

Taxes © Copyright 2011 ADP, Inc. Proprietary and Confidential Information. 13

Garnishments Interpretation of garnishment ruling Calculation of garnishment amount Prioritization (for multiple garnishments) Timeliness of depositing the garnishment in the appropriate account or writing the check © Copyright 2011 ADP, Inc. Proprietary and Confidential Information. 14

Producing Paychecks Pay Bonuses Non-monetary compensation (tickets, gift certificates, etc.) FSA plan reimbursement 401(k) disbursement Severance pay Travel and expense reimbursement Moving expenses Cash advances © Copyright 2011 ADP, Inc. Proprietary and Confidential Information. 15

Compliance © Copyright 2011 ADP, Inc. Proprietary and Confidential Information. 16 Specific record keeping procedures Documax The Fair Labor Standards Act

Compliance Payment of the minimum wage © Copyright 2011 ADP, Inc. Proprietary and Confidential Information. 17 Overtime pay Restrictions on the employment of children Pay deductions for: Cash or merchandise shortages Employer-required uniforms Tools of the trade Record keeping Each stateMulti-J

Compliance © Copyright 2011 ADP, Inc. Proprietary and Confidential Information. 18 Sophisticated Spreadsheet Programmed payroll solution

Exempt vs. Non-Exempt © Copyright 2011 ADP, Inc. Proprietary and Confidential Information. 19 Overtime paid retroactively Programmed payroll solution

How Can ADP Help? Consistently enforce rounding and OT rules based on client instruction Maintain necessary documentation Provide updates on the latest payroll tax law changes Perform garnishments Tax reporting for multiple states © Copyright 2011 ADP, Inc. Proprietary and Confidential Information. 20

Welcome!

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2025 SlidePlayer.com. Inc. All rights reserved.