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Payroll Management 101

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Course Description

There are many aspects that need to be covered when running a successful business. One of the most important aspects in any business is of course, payroll management. The members of the business involved in payroll management have unique responsibilities to ensure that the business operations can maintain momentum. In essence, the payroll management team is at the heart of any business.

While managing the payroll may seem easy enough, it is actually a complicated process involving finance and record keeping. Payroll Management 101 provides you with the information and guidance to become a key member of the payroll management team. The curriculum is designed to give an overview of all the core skills you will be required to attain in an easy to read manner. Most importantly, Payroll Management 101 provides you with the tools to quickly start using your new vocational skills in an operational environment.

By covering the topics contained in Payroll Management 101, you can be assured that you will have the necessary skills and abilities to tackle just about any payroll projects you are assigned. The course has been designed to assist not only people involved solely in payroll management, but also for small business owners, and business people looking to get the edge over their competitors. Written for both seasoned professionals and business newcomers Payroll Management 101 is sure to provide you with all you need to know.

  • Completely Online
  • Self-Paced
  • Instructor Feedback
  • 6 Months to Complete
  • 24/7 Availability
  • Start Anytime
  • PC & Mac Compatible
  • Android & iOS Friendly

Learning Outcomes

By successfully completing this course, students will be able to:
  • Define payroll management.
  • Describe the requirements for record keeping.
  • Describe the requirements for retaining employee records.
  • Know salary payments.
  • Know deductions.
  • Know payslips.
  • Define tax considerations.
  • Describe dealing with outside contractors.
  • Describe handling sick and maternity leave.
  • Describe handling pensions.
  • Describe dealing with errors, and
  • Demonstrate mastery of lesson content at levels of 70% or higher.
IACET Accredited Provider
Universal Class, Inc. has been approved as an Accredited Provider by the International Association for Continuing Education and Training (IACET). In obtaining this approval, Universal Class, Inc. has demonstrated that it complies with the ANSI/IACET Standard which is widely recognized as the Standard of good practice internationally. As a result of their Accredited Provider status, Universal Class, Inc. is authorized to offer IACET CEUs for its courses that qualify under the ANSI/IACET Standard.

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Course Lessons

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Lesson 1: Introduction to Payroll

The payroll staff is a vitally important part of any large company. It has an important part to play in the record-keeping that is vital in a major company with lots of employees. 11 Total Points
  • Lesson 1 Video
  • Review Article: Doing Payroll
  • Review Article: Payroll Glossary
  • Take Poll: Payroll Course
  • Complete: Lesson 1 Assignment
  • Complete: Lesson 1 Exam

Lesson 2: Record-keeping

The payroll department of each business is charged with the responsibility of keeping a vast range of records on the company's workforce. 15 Total Points
  • Lesson 2 Video
  • Complete: Lesson 2 Assignment
  • Complete: Lesson 2 Exam

Lesson 3: Employee Records

Every company needs to record information on its employees. The importance of keeping full, relevant information on its employees is essential for any company. 9 Total Points
  • Lesson 3 Video
  • Review Article: How Long Do Employee Records Need to be Retained
  • Review Article: Key Employee Records
  • Complete: Lesson 3 Exam

Lesson 4: Salary Payments

Paying employees has become a far more streamlined process in recent years, with the option for companies to transfer payments electronically to their workforce by means of automated payments. 10 Total Points
  • Lesson 4 Video
  • Review Article: Gross Earnings
  • Complete: Lesson 4 Exam

Lesson 5: Deductions

There are certain standard deductions that will make their way onto all pay stubs, and as many again that appear on almost all of them. Non-mandatory deductions from a paycheck are more usually called "benefits." 9 Total Points
  • Lesson 5 Video
  • Review Article: Payroll Deductions Calculator
  • Review Article: Understanding Payroll Deductions
  • Complete: Lesson 5 Exam

Lesson 6: Pay Stubs

Pay stubs are a major part of the record-keeping process for any company with a payroll, and they should also be part of any employee's records. 10 Total Points
  • Lesson 6 Video
  • Review Article: Net Pay
  • Review Article: Payslips and Paystubs
  • Complete: Lesson 6 Exam

Lesson 7: Understanding All Parts of a Pay Stub

How to read all parts of a pay stub, including all medical benefits/deductions, all 401K deductions, state, federal taxes, vacation, sick time, everything. In great detail. 9 Total Points
  • Complete Exam: Lesson 7: Understanding the Pay Stub

Lesson 8: Tax Considerations

There is a range of factors that govern how much tax each individual will pay. As a payroll professional, one of your responsibilities will be calculating how much tax employees must pay on their earnings. 13 Total Points
  • Lesson 8 Video
  • Review Article: Payroll Tax Library
  • Review Article: What Are Payroll Taxes?
  • Complete: Lesson 8 Assignment
  • Complete: Lesson 8 Exam

Lesson 9: How to Determine and Pay State and Federal Taxes

How to determine and pay federal taxes. How to generically go about paying state payroll taxes and unemployment. How to file information electronically. 10 Total Points
  • Complete: Lesson 9 Exam: How to Determine Taxes

Lesson 10: Dealing With Outside Contractors

Because of the nature of consulting work, compensation for consultants is a great deal more flexible in terms of payments and governing rules than everyday salaried work, which must conform to a government standard. 10 Total Points
  • Lesson 10 Video
  • Review Article: Payroll Vs. Independent Contractors
  • Review Article: The Great Debate: Employee vs Independent Contractor
  • Complete: Lesson 10 Exam

Lesson 11: Sick and Maternity Leave

Allowing workers to take some time away from their job to deal with the priorities of caring for their family, recovering from an illness, or having a baby is profitable for a company. 9 Total Points
  • Lesson 11 Video
  • Review Article: Maternity Leave
  • Review Article: Sick Leave
  • Take Poll: Sick Leave
  • Complete: Lesson 11 Exam

Lesson 12: Pensions

The idea of a pension is to provide financial stability during retirement and, if workers have saved enough, to allow them to enjoy the years after they stop working for a living. 10 Total Points
  • Lesson 12 Video
  • Review Article: Pension Plan Basics
  • Review Article: Pension Plans
  • Complete: Lesson 12 Exam

Lesson 13: How 401K Contributions are Calculated and Deducted

How 401k (including company matching), sick time, vacation time, pensions, health insurance, maternity leave, and other benefits are calculated and deducted from an employee's pay listing with specific examples. 9 Total Points
  • Complete: Lesson 13 Exam: How 401K Contributions are Calculated

Lesson 14: Dealing with 401K Contributions

An entire lesson on 401(k) contributions, the types of plans available, the tax implications for both employers and employees, how company matching works. 10 Total Points
  • Complete: Lesson 14 Exam: 401 Contributions

Lesson 15: Preparing and Filing Form W2

An entire lesson on the W2, what information is give on it, with actually specific examples that include 401K deductions/benefits, state/federal taxes, etc. 10 Total Points
  • Complete: Lesson 15 Exam: Preparing and Filing Form W2

Lesson 16: Dealing with Errors

Payroll departments are staffed by humans,just like any department of any business, and therefore errors will be made. 15 Total Points
  • Lesson 16 Video
  • Review Article: 5 Common Payroll Mistakes
  • Review Article: Avoiding Payroll Mistakes
  • Take Poll: Payroll Errors
  • Complete: Lesson 16 Assignment
  • Complete: Lesson 16 Exam

Lesson 17: Payroll Software

The main way that a payroll department can ease its human workload is to invest in a quality software package. 10 Total Points
  • Lesson 17 Video
  • Review Article: Accounting Software Reviews
  • Review Article: Payroll Software and Services
  • Complete: Lesson 17 Exam

Lesson 18: Employing Payroll Specialists

A payroll department is only as good as the people who staff it. It is a business owner's decision how to address this need, and it is on the owner's instincts and preferences that he or she will base the decision. 124 Total Points
  • Lesson 18 Video
  • Review Article: Benefits of Outsourcing Payroll
  • Review Article: Free Up Your Time
  • Review Article: Outside Payroll Processing
  • Take Poll: End of Course Poll
  • Take Survey: Program Evaluation Follow-up Survey (End of Course)
  • Complete: Lesson 18 Assignment
  • Complete: Lesson 18 Exam
  • Complete: The Final Exam
Total Course Points

Additional Course Information

Online CEU Certificate
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Document Your CEUs on Your Resume
Course Title: Payroll Management 101
Course Number: 8900218
Languages: English - United States, Canada and other English speaking countries
Course Type: Professional Development
CEU Value: 0.9 IACET CEUs (Continuing Education Units)
CE Accreditation: Universal Class, Inc. has been accredited as an Authorized Provider by the International Association for Continuing Education and Training (IACET).
Grading Policy: Earn a final grade of 70% or higher to receive an online/downloadable CEU Certification documenting CEUs earned.
Assessment Method: Lesson assignments and review exams
Instructor: UniversalClass Staff Instructor
Syllabus: View Syllabus
Duration: Continuous: Enroll anytime!
Requirements: View Technical Requirements
Course Fee: $50.00 (no CEU Certification) || with CEU Certification: $75.00

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