PPT-Payroll Accounting 2013

Bernard J Bieg and Judith A Toland CHAPTER 2 CHAPTER 2 COMPUTING WAGES amp SALARIES Developed by Lisa Swallow CPA CMA MS Learning Objectives Explain the major provisions of the Fair Labor Standards Act. Payroll is defined as a method of administrating employees’ salaries in the organizations. The process consists of calculation of salaries and tax deductions of the employees, administrating the retirement benefits and disbursements of salaries to employees. It can also be called as an accounts activity which undertakes the salary administration of employees in the organization. . Since 2008, Southwest Bookkeepers has been providing personalized professional accounting and Payroll Services to the Austin area, and we value the relationships we've built with our clients since that time. We go the extra mile to offer the custom-tailored insight, support, and guidance that you need. As a small firm of dedicated accounting professionals, we focus on serving the unique needs of our clients on a one-to-one basis. We are accessible, flexible, and personal, and we make your business our business. A SOLUTION FOR YOUR BACK-OFFICE. Using today’s technology, we can run your accounting and bookkeeping department from our offices for much less than an internal bookkeeper costs.. We can handle all bookkeeping functions: A/P, Check Writing, Sales Invoicing, A/R, Cash Receipts, Payroll, Bank Reconciliations, Credit Card transaction posting, maintain . Objectives. Calculate gross payroll using multiple methods. List and compute withholdings. Compute net pay. Prepare payroll register. Explain distribution methods. Record payroll transactions in the general journal. Procedures Manual. By. John D. Daum, CPA, Partner. James W. Gilson, CPA, Partner. of. Condon O’Meara . McGinty. . & Donnelly LLP. Table of contents/Overview. 1) . Introduction. 2) . General. OfficeKit HR is one of best, most comprehensive and user-friendly HR management software solutions with specific modules to take care of specific processes like leaves, payroll, appraisal, and so on. The features in our payroll processing software is easy accounting of employee salary, tax, leave, generating pay slips, reports, and more. For more details visit: https://www.officekithr.com Employees who arrive late, take longer than permitted for their lunch breaks or slip out of work early, can cost your business dearly, with up to 20 hours of productivity being lost in some cases. So, what can you and your business do to help prevent this and get back all those lost hours? The solution is to make your employees more accountable by implementing an effective time and attendance management system. General Accounting. To record transactions. Prepare financial statements. Cost Accounting. Determine the cost of producing a product or providing a service. Identify areas to control costs. Budget. Project costs and revenues associated with business activities. Every business owner must start somewhere, and even if you have grown up around business owners or your family runs a business that you are involved in, going it alone can be a whole different kettle of fish. While it’s highly advisable that new business owners seek professional help and guidance when setting up their company and preparing to take on and pay a workforce, there are a few basics that it can be helpful to understand before you begin intake proceedings. Mendoza – Director of Business Services. Annabelle . Juntado. – Accounting Manager. Business Services Office. Accounting. Accounts Payable. Accounts . Receivable. Benefits Accounting. Budget. Cafeteria Accounting. Naturally, as an employer it’s your responsibility to ensure that your employees are paid accurately and in a timely manner, irrespective of how many workers you have. You must be aware of all laws pertaining to payroll and stay up to date with the myriad changes to these laws that can occur throughout the year. You also need to understand payroll taxes and be sure to file accurately and on time to avoid costly penalties. For most employers, payroll can be a minefield and the sensible solution would seem to be that of hiring a payroll professional to help you get it right. Overview. . Accounting Principles. Account Classifications. Account Balances. Journal Entries. Recording Payroll Transactions. Accounting Periods. Accruals and Reversals. Balancing and Reconciliations. The Benefits of Reading Books The Benefits of Reading Books,Most people read to read and the benefits of reading are surplus. But what are the benefits of reading. Keep reading to find out how reading will help you and may even add years to your life!.The Benefits of Reading Books,What are the benefits of reading you ask? Down below we have listed some of the most common benefits and ones that you will definitely enjoy along with the new adventures provided by the novel you choose to read.,Exercise the Brain by Reading .When you read, your brain gets a workout. You have to remember the various characters, settings, plots and retain that information throughout the book. Your brain is doing a lot of work and you don’t even realize it. Which makes it the perfect exercise!