Payroll Preparation, Analysis and Management Workshop

Program Date

22 Jul 26 Jul 2024

Program Location

Budapest, Hungary

Program Venue

Leonardo Hotel Budapest

Registration & Payment Deadline

31 May 2024

Program Overview

Salaries and Employee benefits constitute the major part of organization’s expenses. Therefore, accurate payroll processing is essential for the success of any business. Payroll Preparation necessitates the thorough understanding of applicable legislation, detailed tax knowledge and a highly organized and reliable system.

Payroll Preparation, Analysis and Management Workshop in Budapest, Hungary provides a comprehensive coverage of budget preparation, payroll calculation process, applicable control methods and pre-checks for ensuring reliable and accurate data creation. Specific emphasize is made on payroll and benefits analysis using Excel along with internal and external audit functions and their relation with HR and Payroll.

Target Audience

This workshop is the best suit for:

  • Payroll Accountants, Supervisors and Managers
  • HR Business Partners, Managers and Officers
  • Senior and Mid-level Managers
  • Anyone interested in payroll calculation and processing.

Program Objectives

Upon the successful completion of this intensive workshop, the participants will be able to:

  • Link Human Resource and Accounting Functions and explain how they contribute to each other and to overall operational process
  • Demonstrate the comprehensive understanding of payroll preparation process
  • Review the accuracy of monthly payroll and ensure data accuracy
  • Calculate Employee Benefits, Vacations, Loans and End of Service Benefits
  • Apply effective tools and techniques for the preparation of monthly and annual payroll budgets
  • Draft Periodic Payroll reports and Conduct comprehensive analysis
  • Assist the accounting department in controlling and auditing payroll payments.

Program Contents

  • Defining HR and Accounting Functions
  • The role and the importance of payroll as a link between HR and Accounting
  • Hiring Process and its documentation
  • Managing Payroll for Different types of agreements: Contract Professionals, Full time Employees, Temporary Help & Outsourcing
  • Payroll Preparation and Calculation
  • Right Control Measures before starting
  • Determining the Right Payroll Calculation Basis
  • Risks and Payroll Mistakes
  • Payroll Approvals
  • Preparing Payroll Schedules
  • Employee Loans and Benefits
  • Access to Employee Benefits
  • Controlling Access to Loans and Reporting on the Loan status
  • Calculating End of Service Benefits
  • Reporting on Benefit Plans
  • The role of Accountants and Auditors in Payroll Process
  • Recording Payroll
    • Expense and liabilities
    • Benefits costs to assets or inventory
    • Related contributions and liabilities
  • Reconciling
    • Receivables from and payables to employees with payroll department
    • Liabilities with social security and other governmental agencies
    • Payments with bank accounts transactions
  • Introduction to internal audit and external audit
  • Auditing the payroll
  • Budgeting for payroll department expenses
  • Preparing the yearly budget for payroll and contributions for the company
  • Budgeting for employee loans and other benefits
  • Determining contribution expense for individuals
  • Determining corporate contributions
  • Reporting results to the accounting department
  • Coordinating with accounting department regarding payment process and control
  • Reporting to:
    • Ministry of labor
    • Social security authorities
    • Other regulatory agencies.

Program Methodology

Payroll Preparation, Analysis and Management Workshop in Budapest, Hungary has a strategic focus on the practical appliance of material discussed. The presenter will lead an open presentation and suggest the ideas for group discussion. The delegates will go through various types of exercises using Excel, allowing them to test their knowledge in real life scenarios. By the end of the course, a practical study tour will be arranged for the participants providing enhanced understanding of the topics covered.

Program Fee

Payment Options

Fee Covers

  • Visa Assistance (complimentary)

  • Participant Assessment

  • Airport Pickup

  • Accommodation

  • Wi-Fi

  • Welcome Dinner

  • Breakfast

  • Workshop Kit

  • Program Materials

  • Program Experts

  • Practical Activities

  • Lunch

  • Refreshments

  • Interactive workshop

  • City Map & Direction

  • Risalat T-shirt

  • Field Visit

  • Program Certificate

  • Entertaining Tour

  • Program Report