peaksphere_academy

Payroll Management

This course provides a comprehensive understanding of payroll systems and processes, covering salary structures, statutory deductions, compliance, and reporting. It helps learners develop the skills to manage payroll accurately and efficiently, ensuring employees are paid correctly and organizations meet legal requirements.

What You'll Learn

Fundamentals of payroll management
Components of employee compensation (basic pay, allowances, benefits, deductions)
Statutory deductions (taxes, social security, provident fund, gratuity, etc.)
Payroll compliance and labor laws (country-specific references can be added)
Payroll processing cycle: data collection, validation, calculation, disbursement
Generating payslips and payroll reports
Payroll accounting entries in financial books
Use of spreadsheets and payroll software
Common challenges, errors, and controls in payroll management

Course Curriculum

Module 1
Introduction to Payroll Management – Role and importance 2 hours
Employee Compensation Structure – Salary components explained 3 hours
Statutory Deductions & Contributions – Taxes, social security, PF, gratuity 4 hours
Payroll Process Cycle – From data collection to payment 5 hours
Payroll Compliance & Legal Framework 6 hours
Module 2
Payroll Accounting & Reporting – Journal entries and reports 2 hours
Payslips and Employee Queries 3 hours
Payroll Systems & Software Tools – Excel and payroll software basics 4 hours
Practical Case Studies & Simulations 5 hours

Who Should Enroll

  • Students pursuing HR, accounting, or finance studies
  • HR professionals and payroll officers
  • Small business owners and entrepreneurs managing employee salaries
  • NGO finance and HR managers
  • Anyone aspiring to work in HR, accounting, or payroll administration

Frequently Asked Questions

What are the prerequisites for this course?

Basic knowledge of Excel and fundamental accounting concepts is recommended. We provide introductory materials for those who need a refresher before the course begins.

Will I receive a certificate upon completion?

Yes, students who complete all coursework and projects will receive a Certified Financial Analyst certificate from Peaksphere Academy, recognized by our industry partners.

What Our Students Say

"Joining the Diploma in Corporate Finance gave me much more than classroom learning. The case-based approach helped me apply concepts to real business problems. During my MBA placements, I could confidently handle finance-related questions — and I credit this program for that edge"

Student
Priya Sharma

MBA Student, Delhi

"I had the basics of accounting from college, but I struggled in my first job. The Integrated Accounts Learning Program bridged that gap. With the practice sessions in Tally ERP and GST filing, I can now manage client accounts independently. My manager has already noticed the improvement."

Student
Ravi Kumar

Junior Accountant, Bengaluru