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OnDemand Course

Payroll Reconciliation and Reporting Guide

Learn best practices to create a process and procedure for developing payroll audit and reconciliation tools.

Most employers have several different types of earnings, fringe benefits, health insurance deductions, garnishments, etc. Each of these payroll pieces are guided by legislative, regulatory and reporting requirements. Payroll errors can cost an organization thousands of dollars. Payroll professionals are processing a huge amount of numbers and data each payroll cycle. Without a solid segregation of duties, fraud can occur. Even if strong segregation of duties are in place to ensure integrity and prevent fraud, several individuals will be entering and processing the information, leaving room for error. Payroll costs are the largest expense of any organization. Implementing solid audit controls, reconciling your payroll, and discovering the source of errors and correcting them is key to a cost savings and a correct paycheck.

87 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Audit Controls

  • Segregation of Duties
  • Audit Needs List
  • Costs Savings

Reconciliation Tools

  • How Often
  • Checklists
  • Involvement From Other Departments

Errors

  • Why Did the Error Happen
  • How to Correct the Error
  • Best Practices
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More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on July 9, 2020.

Call 1-866-352-9540 for further credit information.

  • AIPB 1.5
     
  • This program is acceptable for 1.5 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • CPP/FPC
     
  • Lorman Education Services is an approved provider through the American Payroll Association. This seminar is approved for 1.0 RCHs. PLEASE NOTE: To receive credit through the American Payroll Association for this program you MUST attend the program in its entirety, complete all progress checks and pass the final exam. You cannot obtain credit if you have already completed this course in its live version.
     

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Tricia Richardson, CPP, SPHR, SHRM-SCP

Tricia Richardson, CPP, SPHR, SHRM-SCP

Purposed Payroll Professional

  • President, Purposed Payroll Professional
  • Human capital management consultant that focuses on payroll and human resources best practices and regulatory compliance audits
  • Conducts regular webinars on all topics related to human capital management and payroll processes, regulatory compliance, and best practices
  • Regular contributor to Paytech Magazine
  • National speaker for the American Payroll Association, Payroll Certification Study Group Leader, and Human Resource Certification Study Group Leader
  • Bachelor’s degree in management studies, with a minor in psychology, University of Maryland University College
  • Can be contacted at [email protected]
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 407493
Published 2020
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