Payroll is a system used in companies which deals in financial records related to salary, wages, bonus, statutory deductions (related to income tax). It shows the amount to be paid to an employee or employees of the companies, for their one month salary. Usually payroll software help managers to calculate the exact amount.
Payroll is part of financial records like accounting and taxation, as it is part of total expenses of employees, it is also related to direct performance of employees in an organization.
HR managers can learn payroll through IPA courses. These courses mainly focus on the practical aspects of subject.
Payroll training will teach student how to record, and analyze employee payroll information. Payroll staff process payroll expenses by calculating employee work hours. Payroll managers should be comfortable using computer programs like :- Visual Payroll, Taxmann for various accounting , taxation and provident fund needs.
They should have the ability to perform basic and advanced related to Pay, taxes and provident funds. Payroll managers are expected to adhere to strict bookkeeping set by employers.
Some companies provide training programs for payroll. While others prefer to hire experienced payroll. IPA provides training which is based on financial aspects. Which teach students to communicate with members of management, accounting and human resources departments
HR Payroll management courses consists of training on Software this software helps students to learn “how to manage payroll ” for big companies. Students are given practical exposure with the help of real data for preparation of various companies as projects.
IPA offers weekend classes to those who are interested to learn payroll management. It helps candidates to get good job in the HR division of the organization.
Ppractical course offered by IPA covers various aspects of Payroll Accounting. Salary structuring, "Income tax" planning,TDS Calculation, Provident fund and labour laws and online return filing.
Main features of Payroll Management course is focus on statutory compliances.