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NYICD’s Payroll Administrator Course is designed to give you the skills to enter the workforce as a successful Payroll Administrator. The full course outline below will show you everything that you will learn
Payroll Administrator Course Description
Our Payroll Administrator course will teach you the necessary skills to start a career ensuring that your colleagues receive their wages and benefits. From managing the payroll process, to time tracking, deductions and taxes, you will learn the skills to become an invaluable addition to any company.
In Lesson 1.1: You will learn how to become self-employed as a payroll specialist, including competitive differentiation, market testing, investment funding and donation funding. You will also be taught about the qualities of a successful entrepreneur, crowdfunding, and angel investors.
In Lesson 1.2: Explore the traditional payroll process and learn methods to improve operational efficiency. You will also understand the concepts of electronic payment, employee self-service systems. Finally, you will learn the different types of employees and contractors, and why confidentiality is incredibly important.
In Lesson 1.3: You will learn software to accurately track the hours worked by your colleagues. You’ll master the distinction between wages and salaries, and how to calculate compensation for different kinds of wage plans, as well as supplemental wages, overtimes, commissions, sick and vacation pay.
In Lesson 1.4: Understand the wide range of employee benefits, and the wage implications and taxability of these benefits.
In Lesson 2.1: Learn the intricacies of the deduction process for benefits and special situations such as garnishments. In addition, you will learn to calculate and withhold employee and employer payroll taxes.
In Lesson 2.2: Understand how to submit payroll taxes to the appropriate tax agency on time, and the applicable rules and processes associated with different deposit schedules. This lesson also includes common types of manual and electronic methods for disbursing wages to employees.
In Lesson 3.1: You’ll understand the payroll accounting process including specific journal entries, financial statements, the payroll register, and how to prepare internal and external reports. You’ll also learn the proper application of the W-2, W-3, and 1099-MISC forms.
In Lesson 3.2: You’ll learn procedures used to create and maintain payroll data and records necessary for company and IRS compliance. Understand how to add new employees to the payroll system and how to generate payment/withholding records using a variety of documents and systems. Finally, you’ll gain understanding on how to identify and prevent fraud associated with the payroll process.
In Lesson 3.3: You’ll understand the ways to monitor and improve the payroll process using specific calculations and measurements, and how to supply critical data to manage human capital. This lesson will also teach you payroll outsourcing and how to manage outsourced payroll activities.
NYICD offers convenient online training in payroll administration to anyone looking to gain the independence that comes with a new career. Study anytime, anywhere at your own pace and earn your payroll certification in a matter of months. Call 1-800-239-9275 or enroll online today.