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compliance
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- Payroll Reporting: how to calculate and remit amounts due to government agencies,
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- Payroll Reporting: how to calculate and remit amounts due to government agencies,
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insurance companies, unions and other third parties. In addition, payroll reporting
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insurance companies, unions and other third parties. In addition, payroll reporting
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includes accounting for payroll expenses and accruals to internal financial systems
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includes accounting for payroll expenses and accruals to internal financial systems
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and federal and provincial/territorial year-end reporting.
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and federal and provincial/territorial year-end reporting.
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Technical Skills
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The technical skills required by payroll professionals include proficiency in computer
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programs such as payroll software and financial systems, spreadsheets, databases and word
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processing.
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Organizations often change their payroll and business systems to meet new technology
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requirements and corporate reporting needs. It is important for payroll personnel to have the
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ability to be adaptable to changing systems. As a payroll practitioner, you must be prepared
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and willing to embrace continuous learning.
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Personal and Professional Skills
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--------------------------------
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The following personal and professional skills will assist payroll practitioners in dealing with
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the various stakeholders involved in the payroll process:
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written communication skills, such as preparing employee emails and memos,
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management reports, policies and procedures and correspondence with various levels
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of government
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verbal communication skills, to be able to respond to internal and external
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stakeholder inquiries
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the ability to read, understand and interpret legal terminology found in documents
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such as collective agreements, benefit contracts and government regulations
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excellent mathematical skills to perform various calculations
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problem solving, decision-making, time management and organizational skills
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