Workday payroll training is designed to help midsize and large businesses manage payroll processes and compliance with tax regulations. The course is offered as an online self-paced training program. An in-depth analysis of Workday Payroll Training covers the concepts, principles, and processes necessary to manage payroll in a Workday environment successfully. The course is designed for business Process Owners, Managers, and Staff responsible for or involved in the payroll process.

1. Top Features of
the In-Depth
Analysis of
Workday Payroll
Training
www.erpcloudtraining.com

2. Introduction to Workday
Payroll Training
Setting up payroll requirements according to the specifications of
customers is an important part of the Workday Payroll Training program.
As a Workday consultant, you need to be aware of the existing features in
the payroll module of Workday and know how to perform earnings and
deductions in the calculation engine, set up payroll whilst establishing
roles and configuring security for the same. Though the basics of payroll
accounting and setup are covered in Workday HCM, one needs to
undergo the Workday Payroll training program separately to understand
all the relevant concepts thoroughly and practice as required. Institutes
like ERP Cloud Training provide additional coverage of concepts in
Workday HCM and Finance in the instructor-led live training pertaining to
this course.

3. Workday Payroll Training Process
Workflow: An Overview
The payroll process workflow consists of input worker data, calculation
of payroll, reviewing results, completing payroll, and the settlement of
payroll. These elements are an essential part of the processing
framework and they need to be configured before running regular
payrolls in the system. The period schedule relates to the ‘when’ aspect
of the process. It constitutes the frequency of processing, start and end
dates of the period, payment dates and the forwarding of accruals.

4. Workday Calculation Engine and setting up of the
Workday Payroll Processing Framework
Workday calculation engine is known as the foundation of Workday
payroll training which provides elements for defining payroll
calculations, business logic as well as rules governing such calculations.
There are four categories of calculations in this engine inclusive of
calculations that return numeric values, calculations that return date
values, calculations that return Boolean value and specific payroll
calculations.

5. Earnings, Deductions, and Net Pay
Validations
Earnings and deductions help in performing complex payroll calculations.
There are one-time earnings which may have or have not been set up by
the compensation side and recurring earnings which are inclusive of base
pay, allowances, benefits and the like. Prerequisites in earnings include the
setting up of compensation, benefit plans, time-off plans, calculation tags
and the setting up of tenant to support multiple jobs. Deduction
prerequisites include setting up payroll, benefit plans and the configuration
of tenant. The terms ‘earnings’ and ‘deductions’ are referred to as ‘pay
components’ in Workday.

6. Setting up Federal, State, and Local Tax
Reporting and withholding orders
Workday provides and maintains information on default federal, state and local tax
data. There are several steps in the setting up of taxes including setting up the
company’s federal tax ID, reviewing the pay component groups, setting up federal
taxes, state taxes and local taxes and entering worker-specific data to manage wage
tax components. The prerequisites for tax reporting consist of worker company
assignments, worker personal data and the verification of the personal as well as
resident states. The Workday delivered tax data is to be used for setting up of the
various taxes. When an employee lives in one state and works in another, Workday
checks for valid reciprocity agreements between the states. There is also an option to
represent multiple work tax jurisdictions for reporting in Workday.

7. Setting up Payroll time, accounting,
banking, and settlement
To set up time to payroll, the time should be tracked using Workday Time
Tracking and such pay should be calculated relevant to the number of
hours. The data retrieval elements involved are approved time sheet for
earnings of sub period, approved time sheet for hours of earnings and time
calculation tags. You can also run the retro pay calculation process before
running payroll to include time outside the defined time period. All the
corrections to time need to be approved before running the retro
calculation process. Once you have reviewed the mapping of calculation
tags, you can proceed to set up payroll accounting.

8. Setting up roles, security, and business
processes
Workday’s object management system has set up configurable security
roles in Workday to access the application data. The security
administrator can grant passwords to access applications,
compensation partners can set up compensation roles, and provide
access for viewing compensation data. Security groups also help in
adding tasks and groups to business processes. There are various types
of security groups classified as user-based, job-based, role-based,
location-based, etc.

9. Payroll input processing, off cycle
processing and reporting
Using payroll input processing, changes can be made in the
current on or off cycle payrolls. The payee data is entered into
Workday with the help of payroll input processing to generate
accounting, reports and aid in the processing of payments. The
process comprises of payroll input, running retro pay, running
payroll calculations, reviewing accounting results, completion of
run pay, settlement of payments, and tax integration and
garnishments.

10. Contact us
Address:
Indian: 86, Light House Rd, Kollupuram, R.S. Puram,
Coimbatore, Tamil Nadu 641001, India
US: 539 W Commerce St Suite 6612, Dallas, TX 75208
Phone no.:
+1 (214) 872 7517/+91 956 604 8693
Email:
workday@erpcloudtraining.com
Website:
https://www.erpcloudtraining.com/