Payroll Accounting Introduction

Description

In this course, you will :

• Define liability and asset accounts for payroll transactions.
• Identify payroll transactions that should be posted to a liability or asset account.
• Define debit and credit.
• Recognize the processes to ensure correct accounting of the payroll.
• Discover how payroll practices impact the cost of operating a payroll organization.
• Discover how to prepare payroll journal entries for the general ledger posting.