Courses in Payroll Management

7/28/2019 Courses in Payroll Management

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COURSES IN PAYROLL MANAGEMENT

In an era of specializations, Money Academy invites graduates, HR graduates and working professionals alike tomaster Payroll Processing, which, as a crucial part of the HR divisions, offers challenging and highly rewarding career opportunities to all.

In the competitive corporate environment, the companies need knowledgeable and specialized payroll professionals

who can process the salaries and payments to the employees as scheduled. The Corporate, MNCs, KPOs are hiringin thousands to meet the high demand created not only for Indian payroll but also because of an increasing surge inthe outsourcing of payrolls to India from US, UK, Australia, etc.

Money Academy has designed the HR Programs in Payroll Processing to train candidates who would be competentfor:

Monthly Salary Processing Ensuring timely resolution of employee's queries related with salary.

Ensure timely and accurate disbursement of employee payrolls, reimbursements, taxes, PF, Full and Finalsettlements etc. on a monthly basis.

Salary data updation in various formats for cross checking purpose

Timely deposit of all the Statutory Payments & Filing Returns.

Looking after all statutory compliance and practices like PF, ESIC, TDS, Service Tax, etc

Prepare payroll deductions, compute payroll adjustments and reconcile salary accounts.Handling Employee Loans, Calculating Bonus, Leave Encashment, and Full & Final Settlement.

INTRODUCTION

Money Academy not only offers you the Indian Payroll Training but also gives you an opportunity to study globally

recognized US/UK payroll qualifications. These qualifications will help you rise to the senior & supervisory roles witheven higher pay scales. With the ongoing emergence of KPOs, almost every major & large company is outsourcingits payroll to India based MNCs who pay very handsome salaries and offer a lot of growth within the field.

We offer four levels of courses in Payroll processing to meet the different requirements of people at different stagesof their career. We offer Weekday classes for four days in a week from Mondays to Thursdays for students andWeekend classes on Saturdays & Sundays for the benefit of the working people.

The four different levels are progressive in nature such that if a candidate decides to join Level 3, s/he will study for all the levels from Level 1 to Level 3 and likewise if anyone decides to study Level 2 will automatically study level 1also.

Level - 1

HR CERTIFICATE IN PAYROLL PROCESSING

(100% Job Assistance Course) Duration : 3 Months (50 Hours) OR 1 Month Fast TrackEligibility : 10+2, Diploma/Graduate in any Stream

Who should do this Course

This course is appropriate for

Graduates with good communication skills who wish to enter the HR Payroll profession.MBA (HR) students who want to start their career with MNCs with attractive salaries.

Call Center employees who desire to change to a more specialized field.

Business owners who want to understand the basics of payroll to comply with the payroll regulations andmanage their own enterprise's compensation structure.

Working HR Executives who want to improve their understanding of payroll for better career prospects.

10+2 pass students who desire to further study for a career in Human ResourceManagement.



Course Content

Introduction to Payroll Concepts Payroll Taxation & RegulatoryCompliance

Introduction to Payroll

Documents Employers Request

Employee Classification

Employment Forms & Employee

Information

Time/Attendance Sheets

Key Principles of Payments &

Deductions

Payroll Calculations

Withholding Taxes

Methods of Paying Employees

Payroll Reporting

Employee Forms

Professional Tax

Labour Welfare Fund

Nominations

Minimum Net Pay

Loans Enhancement

Superannuation

Form 24

Form 16

Form 217(A)

The Provident Fund Act 1952

The Employee State Insurance Act

(ESIC)

Bonus Act:- ( Forms, Documentation)

Payment of Gratuity Act

Professional Tax

Dearness Allowance

Housing (HRA/CLA/COA)

Car and Conveyance

Long Term Reimbursements & Claims

Income Tax

Section 80, Section 89(1) Third Party

Deductions

Income from Other Sources, Tax on

Arrears

Exemptions

Exemption on Leave Travel

Allowance

Exemption on Medical

Reimbursements

Exemption on Medical Insurance

Exemption on Child Education

Allowance

Exemption on Other Allowances

Exemption on Leave Encashment

Exemption on VRS

Previous Employment Tax Details

Payroll Calculations & Processing Payroll Management

Receipt of InputsValidation of Inputs

Running the Process

Generating the output Pay slip

Payroll Accounting Accounting Principles

General Ledger Account Classification

Payroll Journal Entry

Account Reconciliation

Salary Break up

Cost to company



MIS Reports

Handling queries of employees

Lab Session

PF in Excel sheet ESI in Excel sheet

Payroll software (Payroll processing

supported by exposure to the Pay roll

software)

Level - 2

HR DIPLOMA IN PAYROLL MANAGEMENT

(Includes level 1)(100% Job Guarantee Course) Duration : 6 Months (100 Hours)Eligibility : Diploma/Graduate in any Stream

HR Diploma in Payroll Management builds on learning acquired in while studying for the HR Certificate in PayrollManagement Level 1 and it will also complement the experience and competence previously acquired throughpractice, or through other qualifications.


This course is appropriate for: Graduates who desire to enter the HR profession in payroll in MNCs.

MBA (HR) students who want to start their career with MNCs with attractive salaries.

Call Center employees who desire to change to a more specialized field.

Business owners who want to guide and lead their payroll executives to comply with the payroll regulationsand better manage their own enterprise's compensation structure.

Course Content All the topics in Level 1 plus Advanced Payroll Management Advanced Lab Session

Report Writing

Share Options, Salary Sacrifice,

Flexible Benefits

Managing Advanced Tax and Social

Security Issues

Generate ad-doc reports to analyze

payroll data

Record Retention

Penalties

Company Policies & Procedures

Auditing

Electronic communication

MIS Reports in Excel sheet

Advanced Excel reports with shortcut

keys and formulas, i.e., -- Pivot Table,

Goal Seek, Auto & Advanced filters,

Vlookup, Hlookup, Splits and Freeze

panes which is used to prepare MIS

Reports.



Personality Development & InterviewSkills

Personality Development

Spoken English

Communication Skills

Telephone Techniques

Business Writing Skills

Interpersonal Skills

Resume Writing

Interview Skills

Level 3

HR DIPLOMA IN INTERNATIONAL PAYROLL

MANAGEMENT (US/UK) (Includes level 1 & 2)

(100% Job Guarantee Course) Duration: 9 Months (150 Hours)Eligibility: Diploma/Graduate in any Stream


This course is appropriate for Working Indian Payroll professionals who desire to shift to the more lucrativeinternational (US/UK/Australian) payroll process.Graduates who desire to enter the HR profession in payroll in MNCs.MBA (HR) students who want to start their career with MNCs with attractive salaries.Call Center employees who desire to change to a more specialized field.

Course Content Level 1 + Level 2 plusUS (United States) Payroll

Core Payroll Concepts Payroll Process and Systems

Worker Status

Fair Labor Standards Act

Employment Taxes

Employee Benefits

Employee/Employer Forms

Professional Responsibility

Methods and Timing of Pay

Customer Service

Maintain master file components

Concepts and Functionalities

Selection

Implementation

Maintenance

Compliance Management and Administration



Escheatment

Regulatory

Reporting

Record Retention

Penalties

Policies & Procedures

Auditing

Staffing, Employee Development &

Core

CompetenciesManagement Skills & Practices

Principles of Paycheck Calculations UK Payroll

Compensation/Benefits

Involuntary Deductions

Voluntary Deductions

Employer Taxes and Contributions

Calculating Gross Pay

Apportionment of Gross Pay

Voluntary Deductions

Statutory Deductions

The Pay Statement

Tax Codes and Tax Free Pay

Tax Percentages and Rates

P45 and P46 Procedure

Use of Tax / NIC Tables

NI Percentages and Rates

NI Rebates

Starters and Leavers

Level 4

INTERNATIONAL PAYROLL CERTIFICATIONS (US/UK) (100% Job Guarantee Course)

Duration : 12 Months (200 Hours)Eligibility : Diploma/Graduate with Minimum 1 ½ years of Payroll working experience


This course is appropriate forWorking Payroll professionals who desire to shift to the managerial/supervisorypositions for highly paid international (US/UK/Australian) payroll process.

MBA (HR) students who want to work at higher positions in HR divisions for payroll processing in MNCs atattractive salaries.

Course Content US Payroll UK Payroll

The American Payroll Association (APA) is

the authority in Payroll in USA. It offers

certifications and memberships to the

candidates who pass their exams like FPC

The Chartered Institute of Payroll

Professionals (CIPP), UK is the only

membership body for payroll

professionals and is the leading



(Fundamental Payroll Certification) and

CPP (Certified Payroll Professional). The

APA administers the FPC and CPP exams

at over 180 locations internationally.

For course content & detailed information

for the same you can visit their official

website at:

http://www.americanpayroll.org/certification

/certification-cppinfo/outline-cpp/

Money Academy shall prepare you for the

same and you can expect lucrative career

in Payroll.

provider of qualifications, training and

consultancy for payroll professionals

in the UK.

Being CIPP qualified ensures that

you have the knowledge and skill set

to run an efficient and compliant

payroll service - as well as showing

employers that you are dedicated to

the profession and are providing

them with an effective payroll

function.

For course content & detailed

information for he same you can visit

their official website at:Http://www.cipp.org.uk/en/learning-

and- development/Payroll-

qualifications/index.cfm

1. ACCOUNTS – with TALLY (Version 9) Overall accounting entries upto finalization & balance sheet level.Overall roles & responsibilities of the Accounts Executive includinggeneral. HR & Admin related aspects. 2. MIS REPORTS

Advanced Excel Reports with short cut keys and formulas., ie., – Pivot Table, Goal Seek, Auto and Advanced Filters, Vlookup, Splitsand Freeze Panes which is used to prepare MIS Reports. 3. PF, ESI & PT • Statutory Acts, Rules, Procedures, Forms, Formats, Filings,Assessment Procedures, Calculations & Employee Benefits. • Payment Challans, Monthly returns, Half yearly returns, Annualreturns, Settlement Forms, Transfer forms etc. • Due dates & filing all the forms linking to the payroll summary.

4. PAYROLL • Payroll processing supported by real time exposure to the payrollsoftware. • Designing CTC breakup as per the offer lette • Designing break up for gross salary in view of tax exemptions &other related acts.



• Designing the pay slip with all statutory & other deductions. • Preparing payroll summary. • Updating employee’s database for new joinees & discussion onsettlement process/ F & F.

• Discussion on some formats like offer letter, Appointment letter,Relieving letter, Experience letter & confirmation letter. • Discussion on formats used during employee joining & exit Process. 5. LEAVE CALCULATIONS Eligibility Criteria for EL, CL & SL, Leave policy, Calculations,deductions & reimbursement.

6. LABOUR LAWS Bonus act, Gratuity act, Shops & establishment act, Contract Labour

act & Payment of minimum wages act. 7. INCOME TAX • Tax planning for employees. • Tax slab rates. • Exemptions and allowances. • Deduction on savings & Investments. • TDS Deductions, Format & Procedure for TDS Calculations. • Form 16 & ITR. • TDS on Professional consultancy services, Rent payments, Contract

Payment, formats & payment challans. • Advance Tax requirements, Calculations. • SIT & Tax Calculations. You’ll have in-depth knowledge on all the areas of PF, ESI, PT,Payroll structure, Calculations Forms, Formats & Due dates,etc.,including Income Tax, TDS & Tax Planning for employees up to Form16 & Form 16A. 8. FAQ • Frequently asked questions in all statutory, IT, Payroll & LabourLaws. • Assignments and projects. 9. VAT, CST & E1 SalesComplete rules, procedures, Input VAT Entries, fillings forms &formats.



10. SERVICE TAX Acts, Rules & Responsibilities & Forms. 11. BANKING Covering all responsibilities of the accounts person with relation to

bank transactions, B.R.S., Finance related matters, BankGuarantees, L/C’s etc. 12. CENTRAL EXCISE Covering all rules, procedures, terms CENVAT entries, due dates etc. 13. HR AREAS Admin Responsibilities, Employee Joining Formalities, RelievingSettlement Processes – Complete steps and Responsibilities &Formats of offer Letter/Appointment Letter/relieving Letter &Experience Certificate / Confirmation Letter etc

14. ADD ON BENEFITS • Discussion on Interview Skills. • CV Revision in a professional approach. • Placement Support Assured. • Excellent Practical oriented course material will be provided forall the topics. You’ll have in-depth knowledge on all the areas of PF, ESI, PT,Payroll structure, Calculations Forms, Formats & Due dates,etc.,including Income Tax, TDS & Tax Planning for employees up to Form

16 & Form 16A

CAP- CERTIFIED ACCOUNTS PROFESSONAL

Large or Small, every business or industry need an accountant. Whether it is a manufacturing or a service company,

a KPO or an IT company, nobody can function without you if you are an accountant.

CAP is a course aimed at smart freshers who want to develop a long term career in accounts with a company of

repute.

The CAP certificate offered by Money Academy is virtually a certificate by the industry itself. The course is regularly

updated as per the changing requirements in consultation with the industry. What is more, every Money Academy

exam paper is prepared in discussion with industry. The exam papers are finalized and approved by the accounts

sections within the companies. This gives our certification an implicit endorsement of the industry where you would be

working after earning the CAP certificate.

You will be trained to be productive from the first day first hour at work. Our exposure to the world’s best practices

and the expert faculties in finance and accounts will help you be your best. You will also become aware of the vast

opportunities available to you grow in this field.



After you successfully complete this course, we will ensure with a guarantee that you are placed with one of the

leading companies. Here you can confidently embark on a long and successful career on a firm footing.

Duration:

The Course duration of CAP is 1 year. The examinations are held every quarter in the months of July, October,

January and April. You can sit in maximum 4 papers in one session at a time. The students are required to pass therequired papers in 2 years from the date you started your course with Money Academy.

FOUNDATION ACCOUNTING

1. CompuMode

MS office (Word, Excel, Powerpoint, Internet, E-mail, Outlook Basic Hardware, Trouble-shooting, Data handling

2. Primary Accounting (Learners will be able to understand, create and analyze basic financial statements)

Recording transactions & Events

Bills, Vouchers, Journal, Ledger, Trial Balance, Final Accounts, Bank Reconciliation, Errors Rectification,

Provisions & Reserves

Capital & Revenue, Depreciation, Ratios

MIS Reports

Profit & Loss Analysis

3. Computer Accounting

Overview of Accounting Softwares

Tally

ADVANCED ACCOUNTS FOR PLACEMENTS

4. Taxation & Duties

Income Tax, E-Tax

VAT, CST, Service Tax

TDS/TCS, FBT, BCTT, Advance Tax

Proposed GST

Applicability, Registrations, Returns, Challan

Customs

Excise

Tax Department Visits, their roles, Tax Department Hierarchy and Powers

5. Banking & Finance

Banking

Fundamentals of Banking

Banking Procedures

Banking Instruments



E-Banking, Plastic Money, Mobile Banking

Working Capital Financing

Bank Loan Projects

Cash Flow Statements

Finance

Principles of Financing

Introduction to Investment Banking

Budgeting & Valuation

6. Company Law/Labour Law/ ROC

Company Law (ROC)

Company Formation

Share Capital/AGM/ Board of Directions, Resolutions, Articles & Memorandum of Association

MCA-21, Documentation

Salary Components from NR Perspective

Payroll/ PF/ ESI/ Gratuity/ Bonus/ Labour laws

Cost Management, Costing tools

Material, Labour, Standard, Marginal, Budgeting,

Auditing Procedures & Techniques

Deeds/ Agreements/ Registrations

Challans/ Debit Credit Notes/ Confirmation of Accounts

Rules for LTD./ PVT.LTD./ Trust/ HUF/ NGO

7. ERP (Tally.ERP9)

Concept of ERP

Understanding of Concepts

Database

Tally.ERP9

8. IFRS, Indian GAAP

Introduction to Accounting Standards

International Differences in Accounting

Comparative Difference in Indian GAAP & IFRS

INDUSTRY SPECIALIZATION (CHOOSE ANY TWO)



9. Import & Export

Fundamentals of Import & Export

Import & Export Documentation

Duties & Levies

Import & Export Licences

10. Insurance & Share Market

Insurance

Fundamentals of Insurance

Life Insurance

General Insurance

Insurance Brokers

Insurance Agents

Re-insurance

Share Market

Share Market Fundamentals

Financial Models

Securities, Derivatives and Equity

Demat Accounts

Share Brokers

BSE/ NSE

11. Industry Accounting Synopsis

Trading Companies’ Accounting

Manufacturing Companies’ Accounting

Service Provider Companies’ Accounting

Infrastructure Companies’ Accounting

NGOs’ Accounting

12. Compulsory Modules

PD



Personality Development

Customer Care

Time Management

Englab- Spoken English

Job Hunt

Resume Writing

Cover Letter

Interview Techniques

Guaranteed Job

Work Experience Prerequisite

As a part of your Certification, you will be required to complete 6 months’ Internship or Practical experience. You can

do this before, simultaneously or after the exams conducted by Money Academy. If you decide to do this after the

exam then till then you will be issued a provisional certificate.

(Money Academy will assist you in finding internship)*

*Conditional

Internships for the students scoring 70% marks on the Internship Recommendation Tests (held with the quarterly

exam sessions) would be arranged by Money Academy. Others would arrange for their internship themselves.

Courses in Payroll Management

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