Payroll Bookkeeping

Starting from : ৳ 10,000

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Payroll Bookkeeping

  • 10 Classes
  • Online
  • Intermediate
This course provides complete training on payroll processing, compliance, and reporting for both US and UK systems. In the US section, you’ll learn payroll setup in QuickBooks Payroll and Gusto, employee onboarding, pay calculations, tax withholdings (FICA, federal, and state), quarterly/year-end filings (941, 940, W-2, 1099), payroll bookkeeping entries, and audit readiness. The UK section covers HMRC registration, RTI submissions, PAYE, NI contributions, pensions, payroll journals in Xero, and year-end filings (P60, P45, P11D). With hands-on practice in QuickBooks, Gusto, and Xero Payroll, you’ll gain the skills needed to manage payroll accurately and ensure full compliance.

Key Features

  • Dual Coverage – Learn both US & UK payroll systems with QuickBooks, Gusto, and Xero.
  • Hands-On Training – Live payroll setup, processing, filing, and bookkeeping entries.
  • Tax Filing Mastery – Master payroll tax forms (US: 941, 940, W-2/W-3, 1099-NEC; UK: FPS, EPS, P60, P45).
  • Compliance Ready – Stay audit-proof with IRS, HMRC, and state-specific payroll rules.
  • Software Proficiency – Get job-ready skills in QuickBooks Payroll, Gusto, and Xero Payroll.

What You Will Learn

  • Set up payroll systems and onboard employees (W-2, 1099, HMRC PAYE).
  • Run payroll cycles (weekly, biweekly, monthly) with gross-to-net calculations.
  • Handle bonuses, PTO, commissions, and contractor payments.
  • Calculate federal, state (US) and PAYE, NI, pensions (UK) payroll taxes.
  • File quarterly and annual payroll tax returns (US: 941, 940, W-2/W-3; UK: FPS, EPS, P60).
  • Record payroll journal entries in QuickBooks and Xero.
  • Reconcile payroll reports with bank statements and Chart of Accounts.
  • Maintain compliance with IRS/HMRC rules and audit requirements.
  • Prepare statutory reports: P11D, P45, tax liability, payroll summaries.
  • Automate payroll processing with Gusto & Xero RTI submissions.

Course Modules

  • Payroll Setup & Employee Onboarding
    • Setting up payroll systems in QuickBooks Payroll and Gusto
    • Employee classification: W-2 vs 1099
    • Collecting W-4 and I-9 forms
  • Payroll Processing (Weekly/Biweekly)
    • Calculating gross pay, deductions, net pay
    • Handling bonuses, commissions, and PTO
    • Running payroll schedules in QuickBooks and Gusto
  • Payroll Tax Withholding & Payments
    • Federal: Social Security, Medicare (FICA), Federal Income Tax
    • State: Income tax, unemployment (SUTA)
    • Employer-side taxes
  • Payroll Tax Filings
    • Quarterly forms: 941, 940, State returns
    • Year-end filings: W-2, W-3, 1099-NEC
    • Tax payment scheduling and deposits via EFTPS
  • Bookkeeping Entries
    • Recording payroll journal entries in QuickBooks Online
    • Mapping payroll to Chart of Accounts
    • Reconciling payroll reports with bank statements
  • Payroll Compliance & Audits
    • IRS and state audit readiness
    • Maintaining employee payroll records
    • Workers’ compensation and benefits reporting
  • Reporting & Reconciliation
    • Payroll summary reports
    • Tax liability reports
    • Monthly reconciliation between payroll software and books
  • Payroll Setup & HMRC Registration
    • Registering as an employer with HMRC
    • Setting up payroll in Xero UK Payroll
    • Adding employees and PAYE references
  • Payroll Processing & RTI Submissions
    • Running monthly payroll with tax codes
    • Real-Time Information (RTI) submission to HMRC via Xero
    • Generating payslips and P60s
  • Payroll Tax Calculations
    • PAYE (Income Tax)
    • National Insurance (NI) – Employee and Employer portions
    • Pension Auto-enrolment contributions
  • Payroll Bookkeeping Entries
    • Recording payroll journals in Xero
    • Allocating wages, taxes, pensions to correct accounts
    • Reconciling with business bank account
  • HMRC Reporting & Compliance
    • Submitting FPS and EPS to HMRC
    • Managing statutory payments (SSP, SMP)
    • Year-end: P60, P45, P11D submissions

Course Benefits

  • High Demand Skill – Payroll processing is essential for every business, ensuring steady job opportunities.
  • Premium Freelance Service – Payroll management commands $200–$500 per client/month on Fiverr & Upwork.
  • Job Security – Payroll is a non-optional business function, creating stable, long-term income.
  • Global Market Access – Mastering US & UK payroll lets you serve international clients remotely.
  • Cost Savings for Businesses – Business owners can manage payroll in-house, saving hundreds in CPA fees each month.
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