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Payroll Accounting (Topic Outline)

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Topic Outline

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Read our In-Depth Explanation (7 Parts) Free

Our Explanation of Payroll Accounting discusses the taxes and benefits which are withheld from employees' pay as well as the taxes and benefits that are expenses for the employers. Also provided are examples of the journal entries made by employers for wages, salaries, payroll-related expenses, and remittances of payroll amounts.

Part 1Introduction to Payroll Accounting; Employees vs. Non-Employees; Salaries and Wages
Part 2Minimum Wage and Overtime Pay; Federal Insurance Contributions Act (FICA)
Part 3Payroll Withholdings: Taxes & Benefits Paid By Employees; Net Pay
Part 4Payroll Taxes, Costs, and Benefits Paid By Employers
Part 5Depositing Federal Payroll Taxes; IRS Form 941, Employer's Quarterly Federal Tax Return; Outsourcing Payroll Processing
Part 6Examples of Payroll Journal Entries For Wages
Part 7Examples of Payroll Journal Entries For Salaries
Take our Practice Quiz Free

This 20-question quiz is a fast way to assess your understanding of the Payroll Accounting Explanation. It's also a great warmup for our Quick Tests.

Review our Q&A Free

We've answered 38 popular questions related to the topic Payroll Accounting. Review them all or use the search box found at the top of each page of our website for your specific questions.

Review our Flashcards

Our flashcards for the topic Payroll Accounting will help you master key terms and definitions. You can view them on any device or print them out.

Solve our Word Scramble Free

If you find Payroll Accounting terminology difficult, this Word Scramble will provide clues (scrambled answers) to assist you.

Solve our Crossword Puzzle #1 Free

We created this crossword puzzle for you to learn, review, and retain terminology for the topic Payroll Accounting in a more fun format.

Solve our Crossword Puzzle #2 Free

We created this crossword puzzle for you to learn, review, and retain terminology for the topic Payroll Accounting in a more fun format.

Solve our Crossword Puzzle #3 Free

We created this crossword puzzle for you to learn, review, and retain terminology for the topic Payroll Accounting in a more fun format.

Review our Cheat Sheet

Our Payroll Accounting Cheat Sheet includes brief definitions and examples of 19 terms that are associated with payroll accounting.

Take our Quick Test #1

This graded 40-question test measures your understanding of the topic Payroll Accounting. Discover which concepts you need to study further and enhance your long-term retention. All of our quick tests can be taken online and/or printed.

Take our Quick Test #2

This graded 25-question test measures your understanding of the topic Payroll Accounting. Discover which concepts you need to study further and enhance your long-term retention. All of our quick tests can be taken online and/or printed.

Take our Quick Test #3 with Coaching

This graded 15-question test provides coaching to guide you to the correct answers. Use our coaching to learn the WHY behind each answer and deepen your understanding of the topic Payroll Accounting.

Earn our Payroll Accounting Certificate of Achievement

As you prepare for this 40-question certificate exam, you will learn about the rules and calculations behind the payroll accounting entries. Specifically, you will gain insights into the IRS rules covering overtime pay, minimum wage, Social Security taxes, Medicare taxes, and more. Make the commitment to become more knowledgeable, confident, and valuable by earning our payroll accounting certificate.

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  • Debits and Credits
  • Adjusting Entries
  • Financial Statements
  • Balance Sheet
  • Income Statement
  • Cash Flow Statement
  • Working Capital and Liquidity
  • Financial Ratios
  • Bank Reconciliation
  • Accounts Receivable and Bad Debts Expense
  • Depreciation
  • Payroll Accounting
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Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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