We are independent & ad-supported. We may earn a commission for purchases made through our links.
Advertiser Disclosure
Our website is an independent, advertising-supported platform. We provide our content free of charge to our readers, and to keep it that way, we rely on revenue generated through advertisements and affiliate partnerships. This means that when you click on certain links on our site and make a purchase, we may earn a commission. Learn more.
How We Make Money
We sustain our operations through affiliate commissions and advertising. If you click on an affiliate link and make a purchase, we may receive a commission from the merchant at no additional cost to you. We also display advertisements on our website, which help generate revenue to support our work and keep our content free for readers. Our editorial team operates independently of our advertising and affiliate partnerships to ensure that our content remains unbiased and focused on providing you with the best information and recommendations based on thorough research and honest evaluations. To remain transparent, we’ve provided a list of our current affiliate partners here.
Finance

Our Promise to you

Founded in 2002, our company has been a trusted resource for readers seeking informative and engaging content. Our dedication to quality remains unwavering—and will never change. We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy.

Over the years, we've refined our approach to cover a wide range of topics, providing readers with reliable and practical advice to enhance their knowledge and skills. That's why millions of readers turn to us each year. Join us in celebrating the joy of learning, guided by standards you can trust.

What Are the Different Types of Payroll Qualifications?

By K. Kinsella
Updated: May 17, 2024
Views: 6,515
Share

Payroll clerks and administrators are responsible for paying company employees, deducting taxes from wages and transferring funds from paychecks to retirement accounts and insurance funds. Many companies do not require clerks to have undergone any kind of formal training. Nevertheless, many colleges offer courses in payroll processing and some firms require clerks to have obtained these payroll qualifications or to have a college degree. Other types of payroll qualifications that employers prefer include accounting licenses and various types human resources credentials.

Generally, employers require payroll department employees to have graduated from high school. Many colleges offer short-term non-degree courses in payroll processing or bookkeeping and these types of payroll qualifications are often sought by employers. In some instances, bookkeeping courses may cover accounting practices in general rather than payroll accounting but the concepts learned during these sessions can be applied to payroll work as well as other types of administrative work.

Major companies employ large numbers of clerks and some firms prefer senior clerks to have a broad knowledge of accounting since payroll processing can be quite complex when larger numbers of workers and significant sums of money are involved. In many nations, regulatory authorities or accounting associations administer accounting exams and successful candidates receive licenses or certificates of completion. These accounting credentials are among the payroll qualifications that are often listed as job prerequisites on employment listings. Aside from formal accounting courses, some colleges offer accounting classes during which basic accounting principles are taught. People who attend these classes are often able to gain employment as payroll clerks.

At some firms, the human resources (HR) personnel are responsible for negotiating staff wages and for processing payroll. Consequently, people seeking to work in the payroll department normally have to have prior HR experience. Some colleges offer vocational classes in HR management and these classes sometimes include a segment on payroll processing. Additionally, some employers prefer to hire clerks who have college degrees in accounting related subjects such as math or finance while other firms seek out candidates with bachelor's degrees in HR management.

Information Technology (IT) firms market certain types of payroll software programs to businesses of all sizes. Some IT firms send corporate trainers to conduct on-the-job training during which clerks are taught how to use this software. Other firms set up online training modules or send out training materials with software programs. Since many software programs are used industry-wide, some employers require job applicants to have undergone some kind of software training and in some instances, the payroll qualifications that these firms seek may include a certificate of completion.

Share
WiseGeek is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.

Editors' Picks

Discussion Comments
Share
https://www.wisegeek.net/what-are-the-different-types-of-payroll-qualifications.htm
Copy this link
WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.

WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.