Online Payroll Course Curriculum

In this course, you’ll develop the necessary skills to ensure your success in the program. You'll learn how you can improve your study skills, so you're able to use a number of tools that will help you to be successful.

By the end of this course, you'll be able to:

• Identify all components and materials in your program
• Identify ways to use Penn Foster’s helpful services and academic resources
• Identify Penn Foster’s academic and behavioral policies
• Choose effective study and time management skills

In this course, you’ll learn the traditional payroll process and the methods used to manage data entry functions to improve operational efficiency. You’ll learn the concepts of electronic payment and employee self-service systems. This course also discusses the types of employees and contractors and the importance of confidentiality in the payroll processing function.

You’ll learn the importance of accurate time tracking and the varieties of technical applications used to track time on the job. This course explains the distinction between wages and salaries and how to calculate compensation for different kinds of wage plans, as well as supplemental wages including overtime, commissions, and sick and vacation pay.

You’ll be introduced to a wide range of employee benefits and the wage implications and taxability of each type of benefit.

By the end of this course, you'll be able to:

• Recognize the qualities and skills required of a successful entrepreneur
• Describe the procedures and practices associated with traditional payroll management
• Summarize the basic methods used to track employee hours and compensation
• Identify issues related to a variety of employee benefits

You’ll learn how to execute the actual deduction process for benefits and special situations like garnishments. This course also reviews the process of calculating and withholding employee and employer payroll taxes.

This course provides instruction on how and when federal, state, and local payroll taxes are actually paid to the appropriate tax agency and on the rules and processes associated with different deposit schedules. You’ll also learn about the common types of manual and electronic methods for the distribution of employee compensation.

By the end of this course, you'll be able to:

• Explain how to process deductions and calculate taxes
• Describe how to perform calculations and file forms associated with payroll taxes and distribute employee compensation

This course will help you understand the payroll accounting process, including specific journal entries, the creation of financial statements, the uses of a payroll register, and the preparation of internal and external reports. You’ll learn the proper applications of W-2, W-3, and 1099-MISC forms.

This course describes the procedures used for the creation and maintenance of payroll data and records necessary for company and IRS compliance. You’ll learn the processes for adding employees to the payroll system and the application of documents or systems required for capturing and documenting work time and generating payment/withholding records. This course also covers the types of controls that are used to identify and prevent fraud associated with the payroll process.

You’ll learn the calculations and measurements used to monitor and improve the payroll process and to supply critical data used to manage human capital. The course also provides an overview of payroll outsourcing and the business activities required to institute and manage outsourced payroll activities.

By the end of this course, you'll be able to:

• Summarize procedures, equipment, and forms used in the payroll accounting process
• Describe documents vital to the payroll function and how to use and maintain them
• Recognize various payroll measurements and issues associated with payroll outsourcing
• Prepare the information for a company’s W-2 Wage and Tax Statement