MYCPE ONE

An Introduction to Payroll Accounting 1.5 Credits

An Introduction to Payroll Accounting 1.5 Credits

  • Rating

    4.4

  • Reviewed on

    February, 2025

  • Subject Area

    Accounting

Learning mode

On Demand
  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Attend the live interactive session
  • Answer the polling questions
  • Get your certificate

Access to this course is included with a MYCPE ONE subscription.

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AI Review Summary

Generated by AI based on all course reviews

Learning Objectives

  • To discuss the main components of payroll including allowances, taxes, and deductions.
  • To explain the terms Gross Pay, Taxable Pay, and Net Pay.
  • To analyze the statutory taxes and deductions applicable in the United States, Canada, and the United Kingdom.
  • To discuss the main Journal Entries required to process payroll.
  • To review the elements recorded in a Payroll Register.

Course Overview

Welcome to an Introduction to Payroll Accounting!

This CPE course provides an overview of payroll accounting. It is aimed at accountants and business managers and owners new to payroll accounting and looking for straightforward coverage of the key elements and features of payroll.

The speaker Ross Maynard in this CPE/CPD webinar will cover the core elements of payroll; how gross pay is calculated; and issues when dealing with tips and benefits in kind. He will also look at tax-exempt deductions and the statutory deductions from pay. 

Attendees in this online course will be able to review the main elements of payroll taxation and social security contributions including the terminology used in the United States, Canada, and the United Kingdom. They will understand the calculation of Net Pay – that is the amount that the employee actually receives in their bank account and the main journal entries required in the accounts.

The principles and structure of payroll accounting are common across many jurisdictions, and the learning in this course applies in many countries of the world. For this reason, the course does not go into the detail of any country-specific legislation or regulations and does not cover the particular tax rates, tax bands, or deduction rates that apply in different jurisdictions.

This CPE Accounting Course provides a grounding in the principles and structure of payroll accounting whatever your country of operation.

On Demand Credits for All Qualifications

License details Credits Status
Accounting for Certified Public Accountants (CPA-US) 1.5 CPE Approved
Chartered Professional Accountant in Canada 1.5 CPD Eligible
Financial Accounting for Certified Internal Auditors (CIA) 1.5 CPE Eligible
Accounting for Certified Fraud Examiner (CFE) 1.5 CPE Eligible
Business Acumen for SHRM-Certified Professional (SHRM-CP) (Valid upto : Dec 31, 2026) 1.5 PDC Eligible
HR (General) for Professional in Human Resources (PHR) (Approval No. 723432) (Valid upto : Nov 30, 2026) 1.5 RCH Approved
Financial Reporting for Certified Management Accountants (CMA) 1.5 CPE Eligible
HR (General) for Senior Professional in Human Resources (SPHR) (Approval No. 723432) (Valid upto : Nov 30, 2026) 1.5 RCH Approved
Business Acumen for SHRM-Senior Certified Professional (SHRM-SCP) (Valid upto : Dec 31, 2026) 1.5 PDC Eligible
Certified Valuation Analyst (CVA) 1.5 CPE Eligible
Financial Reporting for Certified Financial Forensics (CFF) 1.5 CPD Eligible
Chartered Financial Analyst (CFA) 1.5 PL Eligible
HR (General) for Associate Professional in Human Resources (aPHR) (Approval No. 723432) (Valid upto : Nov 30, 2026) 1.5 RCH Approved
Certified Government Financial Manager (CGFM) 1.5 CPE Eligible
Accounting for Delaware Licensed Public Accountant (DE-LPA) 1.5 CPE Approved
Internal Audit Practitioner (IAP) 1.5 CPE Eligible
Association of Chartered Certified Accountants (ACCA) 1.5 CPD Eligible
HR (General) for Professional in Human Resources - California (PHRca) (Approval No. 723432) (Valid upto : Nov 30, 2026) 1.5 RCH Approved
HR (General) for Senior Professional in Human Resources - International (SPHRi) (Approval No. 723432) (Valid upto : Nov 30, 2026) 1.5 RCH Approved
HR (General) for Associate Professional in Human Resources - International (aPHRi) (Approval No. 723432) (Valid upto : Nov 30, 2026) 1.5 RCH Approved
HR (General) for Professional in Human Resources - International (PHRi) (Approval No. 723432) (Valid upto : Nov 30, 2026) 1.5 RCH Approved
HR (General) for Global Professional in Human Resources (GPHR) (Approval No. 723432) (Valid upto : Nov 30, 2026) 1.5 RCH Approved
Chartered Accountant - ICAEW 1.5 CPD Eligible
Core Payroll Concepts for Payroll Compliance Practitioner (PCP) 1.5 CPE Eligible
Financial accounting concepts for Certified FP&A Professional (FP&A) 1.5 CE Eligible
Qualification in Internal Audit Leadership (QIAL) 1.5 CPE Eligible
Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) 1.5 CPE Eligible
Core Payroll Concepts for Payroll Leadership Professional (PLP) 1.5 CPE Eligible
Accounting for Iowa Licensed Public Accountant (IA-LPA) 1.5 CPE Approved
CIPM 1.5 PL Eligible
Accounting for Maine Licensed Public Accountant (ME-LPA) 1.5 CPE Approved
Chartered Accountants - Scotland 1.5 CPD Eligible
CPA - Ireland 1.5 CPD Eligible
Chartered Accountants - Ireland (CAI) 1.5 CPD Eligible

Additional Information

Credits

1.5

Course Level

Basic

Instructional Method

QAS Self Study

Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

SHRM APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC is recognized by the Society for Human Resource Management (SHRM) (PDC Registration ID– RP5359) to offer Professional Development Credits (PDCs) for the SHRM Certification Program (SHRM-CP or SHRM-SCP). For more information about SHRM certification or recertification, please visit www.shrmcertification.org.

HRCI APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC is approved by the HR Certification Institute (HRCI) (Provider Number – 714694) to offer Recertification Credit Hours for the HRCI Certification Program, including aPHR, PHR, SPHR, GPHR, PHRca, PHRi, SPHRi, and aPHRi. For more information about HRCI certification or recertification, please visit www.hrci.org.

Boost your HR career with MY-CPE’s HRCI Recertification Courses. Designed with your professional growth in mind, our courses make earning HRCI Recertification Credits simple and straightforward. At MY-CPE, we’re committed to your success in the ever-evolving world of human resources. Our courses offer the latest insights and practical skills to help you stay ahead. Whether you’re looking to deepen your expertise or broaden your abilities, MY-CPE provides the resources you need. Take the next step in your HR journey today and secure your competitive edge with our top-quality recertification options. 

About Instructor

Ross Maynard

Ross Maynard | FCMA

Managing Director, Ideas2Action Process Excellence Ltd

  • 4.5
  • rating
  • rating
  • rating
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My philosophy is to inspire, challenge and support change. I have nearly 30 years’ experience as a business author and consultant. 

As a consultant, I specialise in process improvement based on the Lean philosophy. I facilitate improvement teams and provide expertise in performance measurement and management; problem solving; and process improvement. ï»¿

As well as delivering webinars for MyCPE, I develop courses and webinars for the ACCA (Association of Chartered Certified Accountants) in the UK and other specialist business and finance providers.


I live in Scotland, near Glasgow, with my wife, daughter and Cocker Spaniel.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. Our courses qualify for credits with NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other professional organizations.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses accepted by NASBA and other professional organizations?

MY-CPE LLC courses are accepted for continuing education credit by various professional certification programs, including NASBA, IRS, CFP Board, and HRCI. MY-CPE LLC is also recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP® and SHRM-SCP® recertification activities.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other professional organizations for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

out of 5

Excellent (56%)

Very Good (30%)

Average (14%)

Poor

Terrible

AA

Agustina Alcantara, CPA in Canada

5

Great information and examples. Really enjoyed seeing the different payroll taxes applicable to United States, Canada and UK. Even if it is at an overall basis and with the caveat that professional advice is required when making application of this information.

YS

Yash Soni, Others

5

It's a great course to learn fundaments regarding payroll and understand different terms and their meaning in depth.

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Payroll Accounting

Inclusions

  • Multiple Credits

    Multiple Credits

    Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.

  • Certifications & Reporting

    Certifications & Reporting

    We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.

  • Credit Tracker

    Credit Tracker

    Track and manage your compliance across all 50 states and over 100 designations. Our Credit Tracker keeps your CPE credits and compliance requirements always up-to-date.

  • Certificate Vault

    Certificate Vault

    Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.

  • Compliance Reminders

    Compliance Reminders

    Stay current with our automated reminder system. Receive timely alerts for your CPE requirements, ensuring you never miss a deadline.

  • Mobile App Access

    Mobile App Access

    The MYCPE ONE Mobile App allows you to learn on the go, providing access to educational content on Android and Apple iOS devices. You can learn anytime and anywhere, making it convenient for busy schedules.

  • Live Support

    Live Support

    Our support team is available via live chat, email, and phone from 9 AM to 5 PM ET. We're here to help with any questions or issues, ensuring you have a seamless experience.

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