Payroll: Admission 2024, Fees, Syllabus, Entrance Exam, Top Colleges, Career Scope

Numerical Skills

Basic Math Skills

Ability to perform calculations accurately, including addition, subtraction, multiplication, and division.

Data Analysis

Skill in interpreting and analyzing numerical data to make informed payroll decisions.

Attention to Detail

Accuracy

Ability to ensure precision in calculations and data entry to avoid errors in payroll processing.

Compliance Awareness

Understanding and adherence to payroll laws and regulations to ensure compliance.

Technical Skills

Software Proficiency

Familiarity with payroll software and systems (e.g., QuickBooks, ADP, or Paychex).

Microsoft Excel

Proficiency in using Excel for data management, analysis, and reporting.

Communication Skills

Verbal Communication

Ability to clearly explain payroll processes and regulations to employees or management.

Written Communication

Skill in documenting payroll policies and procedures clearly and concisely.

Organizational Skills

Time Management

Ability to prioritize tasks effectively and meet payroll deadlines consistently.

Record Keeping

Skill in maintaining accurate and organized payroll records for auditing and compliance purposes.

Problem-Solving Skills

Analytical Thinking

Ability to identify payroll discrepancies and troubleshoot issues effectively.

Critical Thinking

Skill in evaluating situations and making decisions based on available data and regulations.

Interpersonal Skills

Team Collaboration

Ability to work well with HR, finance teams, and other departments to ensure smooth payroll processes.

Customer Service

Skill in addressing employee inquiries and resolving payroll-related issues professionally.

Basic

Introduction to Payroll

Overview of Payroll

Definition, Importance, and Components of Payroll

Payroll Terminology

Key Terms: Gross Pay, Net Pay, Deductions, and Benefits

Payroll Laws

Employment Laws

Fair Labor Standards Act (FLSA), FMLA

Tax Regulations

Federal, State, and Local Payroll Taxes

Employee Rights

Rights Under Employment Laws

Basic Payroll Process

Payroll Cycle

Steps in Payroll Processing Cycle

Data Collection

Timekeeping Systems, Employee Information

Calculating Gross Pay

Salary, Hourly Wages, and Overtime

Deductions

Mandatory vs. Voluntary Deductions, Health Insurance, Retirement Contributions

Intermediate

Payroll Accounting

Journal Entries

Recording Payroll Journal Entries

Reconciliation

Bank Reconciliation, Payroll Account Reconciliation

Payroll Software

Overview of Payroll Software

Types of Payroll Software, Features, and Benefits

Software Training

Hands-on Training with Popular Payroll Software

Reporting and Compliance

Payroll Reports

Types of Reports: Payroll Summary, Tax Reports

Compliance Issues

Audits and Compliance Checklists

Advanced

Advanced Payroll Topics

International Payroll

Global Payroll Issues, Currency Exchange, Tax Compliance

Payroll for Contractors

Differences Between Employee and Contractor Payroll

Case Studies

Real-Life Scenarios

Payroll Calculations, Problem Solving

Capstone Project

Complete Payroll Process for a Hypothetical Company

Course

Provider

Fees (INR)

Payroll Training and Certification

The Institute of Payroll Training and Management (IPTM)

8,500

Payroll and Tax Fundamentals

Coursera

2,345

Payroll & HR Management

Coursera

2,345

Indian Payroll and Compliances Training

The Institute of Payroll Training and Management (IPTM)

8,500

Payroll Accounting: Laws, Calculations, and Journal Entries

Udemy

2,999

Intro to Business HR: Payroll Fundamentals

Udemy

2,999

Certified Payroll Professional (INDIA)

International Institute of Human Resources

14,999

Payroll Course in Gurgaon

The Knowledge Academy

3,30,295

Course

Provider

QuickBooks Payroll - QuickBooks Online

Udemy

Certified Payroll Specialist

Middle Earth HR

Learn Xero Payroll – The Complete Training Course

Udemy

Payroll Accounting Certificate

Wake Technical Community College

Certified in Payroll and Compliance Management

NAIP

Advanced Certificate in Payroll and Compliance

NAIP

Payrolls

CCA Institute of Professional Education

Payroll Management and System Diploma

One Education

Certified Payroll Manager

VSkills

Role

Average Salary in Lakhs

Payroll Specialist

5.1

Payroll Manager

12.6

Human Resource Generalist

10.0

Tax Compliance Specialist

7.2

HR Compliance Officer

7.5