• Overview
• Outline
• Schedule

About This Course

This two day, Microsoft DynamicsT SL Payroll class provides an in-depth discussion of the payroll accounting cycle and the processes required to track payroll deductions and produce checks for employees. This course shows you how to define flexible setup options to accommodate individual employee needs, different pay periods, unlimited pay groups, earnings types, deductions, work locations, benefits, departments, and tax tables to manage the calculation process. We discuss how to maintain earnings and deductions on a monthly, quarterly, and yearly basis. You learn to prepare accurate reports that meet federal regulations by importing tax tables to quickly update your database with the latest federal and state changes. You gain an understanding of how and where information is stored by calendar month, quarter, and year, so you can prepare precise and timely government reports.

We explain how to process timesheets at a pay group level, using both manual and automated check printing to pay employees, and how to print checks by department to facilitate efficient distribution. You will learn how to deposit net pay directly into as many as five distribution bank accounts per employee, in addition to a main account. You learn how to process payroll refunds in the event that payroll deductions are too high and how to use payroll for expense reimbursements. We show you how to specify payroll items - such as bonuses or employee advances - as net checks. We discuss how to create bonus checks which can be specified as gross checks and disbursed to individuals or groups. We also discuss how to set up tax deductions which are automatically calculated to arrive at a net amount.

You learn how to charge the wages for employees who work multiple tasks during a pay period to the correct accounts automatically. We show you how to easily allocate earnings to any number of expense accounts or sub-accounts based on earnings type or by employee. You should understand how to handle deductions requiring payment to a third party. We explain the process behind how liability vouchering allows for deductions such as child support or student loan repayment to be automatically sent to Accounts Payable for processing and check creation.

Audience Profile

Payroll training is recommended for anyone who plans to implement, use, maintain, consult, or support Microsoft Dynamics SL. The class is targeted toward data entry clerks, administrators, office managers, CEO's, and consultants who need to understand the technical aspects of Payroll and gain foundational knowledge of the application functionality.

Prerequites

Before attending this course, students must have:

• General knowledge of Microsoft Windows.
• Knowledge of basic navigation functions in Microsoft Dynamics SL.
• Completion of General Ledger training course required. Attendance at Accounts Payable and/or Accounts Receivable recommended.

At Course Completion

After completing this course, students should be able to:

• Perform all payroll related data entry functions including: timesheet entry, check processing, manual checks, net checks and voiding checks.
• Perform maintenance on payroll timesheets and other records such as employees and tax deduction information.
• Use the payroll calculation process to automatically compute payroll earnings, deduction and benefit amounts and make appropriate adjustments to payment amounts prior to check processing.
• Print standard Microsoft Dynamics SL reports to verify data and perform financial analysis for audit trail purposes.
• Understand the calculation of tax deduction amounts using tables.
• Create and maintain special deduction types (401K plans, garnishments, etc.).
• Understand the process for updating Accounts Payable with payroll liability information (i.e.: employee withholdings, employer FICA, FUTA, etc.).
• Understand the calculation of workers' compensation premiums and related posting to the general ledger.
• Identify the impact of the Payroll module on other Microsoft Dynamics SL modules.
• Create and transmit the direct deposit file.
• Troubleshoot and correct operator input errors including incorrect timesheet entries (too many or too few hours).
• Calculate and adjust W-2 wage and tax amounts.