Accounting for Payroll: A Comprehensive Guide / Edition 1

by Steven M. Bragg

Overview

Accounting for payroll is one of the most basic and complicated functions of the accounting department. It requires a timekeeping data collection function to operate flawlessly, as well as a staff with full knowledge of constantly changing panoply of federal, state, and local taxes and regulations. The end result is frequently a large payroll processing team that can comprise the largest proportion of headcount within the accounting department. Due to its complexity and cost, this functional areas deserves a management book that shows how to handle payroll accounting in the most cost-effective manner.

Product Details

ISBN-13:	2900471251087
Publication date:	06/21/2004
Pages:	304
Product dimensions:	6.00(w) x 1.25(h) x 9.00(d)

About the Author

Steven M. Bragg, CPA, CMA, CIA, CPIM, has been the chief financial officer or controller of four companies, as well as a consulting manager at Ernst & Young. He is the author of seventeen books.

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Table of Contents

Preface xiii

About the Author xvii

Chapter 1 Creating a Payroll System 1

Chapter 2 Accumulating Time Worked 19

Chapter 3 Payroll Procedures and Controls 33

Chapter 4 Payroll Best Practices 49

Chapter 5 Payroll Measurements and Internal Reports 73

Chapter 6 Compensation 89

Chapter 7 Payroll Deductions 111

Chapter 8 Payroll Taxes and Remittances 125

Chapter 9 Benefits 149

Chapter 10 Payments to Employees 171

Chapter 11 Unemployment Insurance 181

Chapter 12 Payroll Recordkeeping 197

Chapter 13 Payroll Journal Entries 203

Chapter 14 Payroll-Related Laws 215

Chapter 15 Outsourcing Payroll 227

Chapter 16 International Payroll Issues 237

Chapter 17 Setting Up the Payroll Department 251

Chapter 18 Government Payroll Publications and Forms 263

Appendix A Sources of Payroll Information 269

Appendix B Dictionary of Payroll Terms 271

Index 279