Course Details
Course

Introduction to Payroll Accounting 1 CPE


Course Duration: 1 Hours
Course Rating:
Course Enrollments: 8 Enrolled
Mode of Delivery: on_demand
Course Level: Basic
Study Area: Accounting

This course prepares the learner with the basic knowledge needed to administer the accounting for payroll. We start with a brief overview of payroll accounting. We will discuss debits, credits, liabilities, and assets. We then walk through an example of recording journal entries for payroll transactions and accruals for a month. The material taught in this payroll accounting course will enhance the skill-set of the payroll accountants and payroll specialist looking to advance in their career.

We review examples of:

  • General employer payroll liabilities: such as liabilities for employee compensation, liabilities for employee payroll withholdings, and liabilities for employer payroll taxes.
  • Payroll journal entries
  • Payroll accrual journal entries
Prerequisites

No Advanced Preparation or Prerequisites are needed for this course. 

Learning Objective
  • Define liability and asset accounts for payroll transactions.
  • Identify payroll transactions that should be posted to a liability or asset account.
  • Define debit and credit.
  • Recognize the processes to ensure correct accounting of the payroll.
  • Discover how payroll practices impact the cost of operating a payroll organization.
  • Discover how to prepare payroll journal entries in payroll accounting for the general ledger posting.

Last updated/reviewed: March 16, 2024

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