Gain the skills to confidently manage payroll from setup to final paycheck, ensuring compliance, accuracy, data security, and effective handling of taxes, deductions, and unique pay situations.
Learn how to establish a solid foundation for your payroll by effectively setting up new employees and correctly configuring your accounting software or third-party payroll systems. Develop essential skills for navigating complex federal and state payroll taxes, including registration and reporting, and discover best practices for safeguarding sensitive employee data privacy and security. Gain expertise in managing different payroll cycles, ensuring accuracy from time entry to final paycheck, and correctly handling all types of deductions, garnishments, and employee reimbursements. Understand how to proactively manage unique payday situations, master the process of calculating final paychecks for terminating employees, and learn effective strategies for identifying and resolving common payroll errors.Learning Objectives
- You will be able to effectively set up new employees for payroll and configure basic payroll systems correctly within accounting software or with third-party providers.
- You will be able to ensure accuracy across various payroll cycles and correctly man-age components like gross vs. net pay, deductions, garnishments, and reimbursements.
- You will be able to understand and properly handle all federal and state payroll tax obligations, including registration, withholding, depositing, and reporting.
- You will be able to safeguard employee payroll data privacy and security, while also effectively identifying and resolving common payroll errors and discrepancies.
Agenda
Overview
How Do I Create a New Employee Onboarding Package?
How Do I Ensure Employee Payroll Data Privacy and Security?
How Do I Set up Payroll Correctly in an Accounting Software Program and With Third-Party Providers?
What Are Payroll Cycles?
What Are Payroll Taxes and How Do I Handle Them?
How Do I Ensure Accuracy in Payroll Processing, From Time Entry to Final Paycheck?
How Do I Properly Handle Garnishments and Deductions or Employee Reimbursements?
How Do I Best Handle Payroll Inquiries When Payday Falls on a Holiday or Weekend?
How Do I Calculate and Process Final Paychecks for Terminating Employees, Including Unused PTO and Other Entitlements?
How Do I Fix Payroll Errors (e.g., Overpayments, Missed Taxes)?
Questions and Answers
Speaker(s)
Donna WrightDoing Books Right
- Founder and Owner of Doing Books Right, established in 2005.
- Freelance full charge bookkeeping since 1999.
- Certified Bookkeeper, QuickBooks ProAdvisor
- Master level bookkeeper, with over twenty years’ experience in Full Charge Bookkeeping, QuickBooks, GAAP, accounting clean up, management, and payroll.
- Wide range of expertise regarding clean up and set up of various entities from the private sector such as agriculture, gas stations, food services, wholesale, construction, and retail to non-profit churches, rescues, leagues, schools, and the healthcare industry.
- Consultant and trainer who works with businesses to clean up their books, understand and develop long-lasting procedures for maintaining accurate financial reports. Development and implementation of Standard Operating Procedures.
