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Training course overview

Course overview

This course provides an understanding of the way chris creates accounting entries for a payrun, including account construction, payroll transactions coding and analysis tools.

Pre-requisites

This course should be attended by persons who have previously attended (or have relevant experience):

  • Introduction and Navigation course

The course requires basic knowledge of working with our system as well as intermediate understanding of general ledger and accounting principles.

 

Note, courses may be run in either ichris or chris21 - please check the course date to see which interface will be used.

Training course cost
Who Should Attend
Who should attend
Payroll and Finance Professionals
Personal Drivers
Personal drivers
Learn how to prepare general ledger transactions from your system
Duration
Duration
Half day
Quote
Quote text
People are accustomed to thinking of accounting as dry and boring, a necessary evil used primarily to prepare financial reports and survive audits, but that is because accounting is something that has become taken for granted.
Quote attribution
Eric Ries, The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses

What you will learn ...

What you will learn

The course will introduce you to the functionality for:

  • understanding account strings and formats
  • designing account string formats
  • identifying account numbers assigned to payroll components
  • identifying account numbers assigned to position numbers
  • generating accounting transactions
  • reporting on accounting transactions

Syllabus

Understanding payroll accounting basics

  • Double entry accounting
  • Profit and Loss and Balance Sheet reports
  • Payroll expenses and liabilities

Organisation structure revision

  • Identify organisation's accounting documentation
  • Set up organisation structure for payroll financial reporting

Designing account string formats

  • Determine accounting details for payroll components
  • Define disbursement types and mandatory deduction codes
  • Override an account string for a payroll component

Linking account numbers to position numbers

  • Define cost groups
  • Define cost splits between cost centres and job numbers

Account string deconstruction

  • Identify details of component parts of each account string

Accounting transactions processing

  • Generate accounting transaction files
  • Split staff costs by job numbers
  • Reallocate oncosts

Accounting transactions revision

  • Review accounting transactions generated by a payrun
  • End of Month payroll accounting reports

General Ledger interface file

  • Generate a standard General Ledger interface file
  • Generate a customised General Ledger interface file

Retrospective accounts

  • Change accounting information retrospectively for pay components that have been paid in previous payruns
Course instances view

Dates and Venues

Melbourne (ichris)
7 Oct 2019
Afternoon Session 1.30pm - 5pm
AUD $400 +GST per attendee
Wellington (chris21)
11 Nov 2019
Morning Session 9am - 12pm
NZ $410 +GST per attendee
Auckland (chris21)
11 Nov 2019
Morning Session 9am - 12pm
NZ $410 +GST per attendee
Adelaide (chris21)
3 Dec 2019
Morning Session 9am - 12.30pm
AUD $400 +GST per attendee
Melbourne (ichris)
9 Dec 2019
Afternoon Session 1.30pm - 5pm
AUD $400 +GST per attendee