Payroll Computation and Bookkeeping

Accurately calculating and maintaining employee salaries, wages, and benefits, as well as ensuring compliance with federal and state labor legislations, are crucial functions that impact organizations as it affects both employees and employers. There is a considerable demand for well-versed and qualified professionals to help organizations maintain correct financial records and ensure that employees are paid in a timely and accurate manner, thus avoiding costly errors. The accounting knowledge and financial skills you gain will help you understand the process and enhance your employability.

The course covers various topics such as computing wages and salaries, social security taxes, income tax withholding, unemployment tax acts, bookkeeping, accounting basics, choosing an accounting method, and keeping the books. We research the Fair Labor Standards Act (FLSA), which sets the minimum wage and overtime pay requirements for employees in the United States and outlines rules for child labor and other employment standards. We cover federal taxes, including income, social security, and unemployment compensation taxes and credits. We examine calculating taxes from employee salaries and remitting them to the appropriate government agencies. 

This course is valuable if you aspire to become a bookkeeper or payroll administrator or pursue a career in finance, human resources, or related fields. It is also highly relevant if you manage or oversee payroll and bookkeeping functions within a business. It provides the latest practices and regulations in payroll computation and bookkeeping. If you are somebody working in the sector, it will demonstrate your commitment to enhancing your professional skills and boost your credentials of being a reliable and responsible professional. Take advantage of the opportunity and start learning today!