Sap hr us payrolls online training canada

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 Course Description
 There are many aspects that need to be covered when
running a successful business. One of the most
important aspects in any business is of course, payroll
management. The members of the business involved in
payroll management have unique responsibilities to
ensure that the business operations can maintain
momentum. In essence, the payroll management team
is at the heart of any business.


 Course Lessons
 Lesson 1: Introduction to Payroll
 The payroll staff is a vitally important part of any large
company. It has an important part to play in the
record-keeping that is vital in a major company with
lots of employees.
 Lesson 2: Record-keeping
 The payroll department of each business is charged
with the responsibility of keeping a vast range of
records on the company's workforce.

 Lesson 3: Employee Records
 Every company needs to record information on its
employees. The importance of keeping full, relevant
information on its employees is essential for any
company.
 Lesson 4: Salary Payments
 Paying employees has become a far more streamlined
process in recent years, with the option for companies
to transfer payments electronically to their workforce
by means of automated payments.

 Lesson 5: Deductions
 There are certain standard deductions that will make
their way onto all pay stubs, and as many again that
appear on almost all of them. Non-mandatory
deductions from a paycheck are more usually called
"benefits."
 Lesson 6: Pay Stubs
 Pay stubs are a major part of the record-keeping
process for any company with a payroll, and they
should also be part of any employee's records.

 Lesson 7: Understanding All Parts of a Pay Stub
 How to read all parts of a pay stub, including all
medical benefits/deductions, all 401K deductions,
state, federal taxes, vacation, sick time, everything. In
great detail.
 Lesson 8: Tax Considerations
 There is a range of factors that govern how much tax
each individual will pay. As a payroll professional, one
of your responsibilities will be calculating how much
tax employees must pay on their earnings.

 Lesson 9: How to Determine and Pay State and Federal
Taxes
 How to determine and pay federal taxes. How to
generically go about paying state payroll taxes and
unemployment. How to file information electronically.
 Lesson 10: Dealing With Outside Contractors
 Because of the nature of consulting work,
compensation for consultants is a great deal more
flexible in terms of payments and governing rules than
everyday salaried work, which must conform to a
government standard.

 Lesson 11: Sick and Maternity Leave
 Allowing workers to take some time away from their
job to deal with the priorities of caring for their family,
recovering from an illness, or having a baby is
profitable for a company.
 Lesson 12: Pensions
 The idea of a pension is to provide financial stability
during retirement and, if workers have saved enough,
to allow them to enjoy the years after they stop
working for a living.

 Lesson 13: How 401K Contributions are Calculated and
Deducted
 How 401k (including company matching), sick time,
vacation time, pensions, health insurance, maternity
leave, and other benefits are calculated and deducted
from an employee's pay listing with specific examples.
 Lesson 14: Dealing with 401K Contributions
 An entire lesson on 401(k) contributions, the types of
plans available, the tax implications for both employers
and employees, how company matching works.

 Lesson 15: Preparing and Filing Form W2
 An entire lesson on the W2, what information is give
on it, with actually specific examples that include 401K
deductions/benefits, state/federal taxes, etc.
 Lesson 16: Dealing with Errors
 Payroll departments are staffed by humans,just like
any department of any business, and therefore errors
will be made.

 Lesson 17: Payroll Software
 The main way that a payroll department can ease its
human workload is to invest in a quality software
package.
 Lesson 18: Employing Payroll Specialists
 A payroll department is only as good as the people
who staff it. It is a business owner's decision how to
address this need, and it is on the owner's instincts and
preferences that he or she will base the decision.

Sap hr us payrolls online training canada

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