Payroll Terms & ConceptsNCSC Product Certification

Payroll Anytime, Anywhere!

Welcome!

What do these words have in common?

Pay Periods

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DeductionsPayroll

ProcessCompliance

Welcome!

Of all employee-related demands that our clients face, payroll administration is one of the most complex.

Definitions and basics of payroll processing

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Introduction

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Accounting Periods

Calendar Fiscal Quarter Pay Period

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Pay Periods

Weekly Bi-Weekly Semi-Monthly Monthly Other

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Pay Rates

Hourly Piece Rate Salary

Salary + Bonus Commission Salary + Commission

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Recap

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Payroll Basics

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Payroll Process

Manage Employee Records

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Collect time and attendance data

Input payrolldata

Period EndProcessing

Process and Distribute Payroll

Managing Employee Records

Creating- Collect static data- Verify employee contracts- Verify compensation and benefits- Verify tax information and jurisdiction- Enter employee information

Reporting- Respond to inquiries about employee records- Assemble data for audits or other reporting needs- Report new hires to the U.S. Department of Labor

(DOL)

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Collect Employee Time and Attendance

Label and set up time cards or

time sheets Collect time cards or sheets Supervisor sign-off or approval Review for missed punches and

exceptions then reconcile

missing information or damaged

time cards Audit the totals and check for

errors Enter the data

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Input Payroll Data

Collect Payroll Data Calculate Payment Generate and Review Pay Reports Update Files

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Produce Payroll

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Print and sign checks Stuff checks into

envelopes and distribute For direct deposit,

transfer funds to

employee accounts Transfer garnishments Submit tax payments

Period End Processing

Each Pay Period Monthly Quarterly Calendar Year End Fiscal Year End

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Compliance

Fair Labor Standards Act

Requires employers to keep a record of employee hours; sets minimum wage and requires overtime pay of 150%–the

pay rate for work over 40 hours per week.

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How Can ADP Help?

Increased Accuracy Improved Decision Making Enhance Employee Satisfaction Accommodate Needs Increased Productivity Save Time and Money

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Summary

Payroll Terms and

Concepts Basic Payroll

Processes Compliance How ADP Can Help

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Welcome!