2019-02-13 by Isabelle Schumacher
If you are considering a career in payroll, you should know the benefits of Payroll Compliance Practitioner (PCP) certification. PCP certification can unlock doors in your career. In fact, for many in the payroll sector, PCP certification is the foundation of their success.
Below is a look at three things you should know about PCP certification and how it can help you launch your payroll career.
1. PCP Certification Begins with Completing Certain Educational Requirements
To become certified you will need to complete three core courses—Payroll Compliance Legislation, Payroll Fundamentals 1, and Payroll Fundamentals 2—along with a CPA-approved Introduction to Accounting course. These courses will teach you the foundational knowledge you’ll need to work in payroll, such as compliance requirements, calculating different types of pay, and documentation. When comparing different schools that offer an accounting and payroll diploma, be sure that they offer these essential courses.
PCP certification includes an education requirement
2. Meet the Necessary Work Requirement to Start Your Career in Accounting and Payroll
Another step involved in becoming PCP certified is completing the one-year work experience requirement. You must complete this requirement within five years prior to or five years after the start date of your Payroll Compliance Legislation course. Be aware that the work experience requirement is weighted. What this means is that only time spent doing payroll work will actually count towards meeting your one-year requirement. After completing your work experience and education requirements, you submit a Certification Declaration in order to receive your PCP certification.
PCP certification also requires one year of weighted work experience
3. PCP Certification Will Help You Stand Out to Employers
PCP certification can help you stand out as you begin your career. This is because PCP certification helps demonstrate to employers that you are qualified and ready for the responsibilities of the role.
This can be very important for many employers, especially because payroll departments tend to be very small. According to the CPA, 32 per cent of payroll departments consist of just one person and a further 43 per cent have only 2-3 employees. Additionally, there are more than 200 regulatory requirements that payroll departments must meet and companies face significant penalties for violating those requirements.
This means that most payroll professionals have a large amount of responsibility in their daily job duties. Employers want to make sure that payroll workers are ready to handle that responsibility when hired. The payroll and accounting training needed to receive the PCP certificate assures employers that you are serious about advancing your skills as a payroll professional and that you understand the regulations and requirements involved.
Are you ready to start a fulfilling career in accounting and payroll?
Contact the National Academy of Health and Business to learn about our programs and how to get started!
2018-06-06 by NAHB
When beginning their studies, students may sometimes be tempted to procrastinate. Far from a sign of laziness, procrastination can serve as a kind of escapism or avoidance of a task or duty that seems too difficult or challenging to complete. In fact, everyone procrastinates from time to time. However, while the prospect of checking your emails or Facebook might seem like a welcome break, it may actually increase your stress and have a negative effect on your studies.
Below are four practical ways to nip procrastination in the bud over the course of your studies and career in accounting and payroll administration. Read on to find out what they are!
1. Notice and Understand Why You Are Procrastinating
Before you begin to work on a strategy to overcome procrastination, it’s important to recognize those moments when you are procrastinating and why. How did you feel, and what were you thinking? Questions like these can be useful in identifying the triggers that inevitably get you to procrastinate.
Are you procrastinating because a certain task feels intimidating? Are you worried about failure? Do you feeling nervous about the future? Addressing these feelings will help you understand the causes behind moments of procrastination, and will help you avoid them in the future!
2. Use Time Management Strategies During Your Accounting Training
Effective time management can be an excellent way for you to avoid procrastinating as you earn your accounting and payroll diploma. Instead of creating excuses to delay your work, practice using a few time management techniques, such as setting and prioritizing goals. You could set aside some time each day for study, and then reward yourself afterwards with a well-deserved break. You can also improve your time management skills by creating a comprehensive to-do list of all the tasks you need to accomplish. Stay resilient and maintain your set times for each task and you’ll find yourself completing your work quickly and on time!
Learning time management strategies can help you excel in your studies and beyond!
3. Cultivate Mindfulness Techniques to Relieve Stress
Stress is often one of the main reasons why students and professionals procrastinate, which makes adopting great stress management techniques important to maintaining productivity. During moments of stress, try practicing “mindfulness” along with deep breathing exercises. Mindfulness involves taking a pause and focusing your attention on the present moment rather than future consequences, which can help you feel calm and improve your focus.
Beat procrastination with mindfulness techniques!
4. Let Go of Perfectionism and Self-Doubt
Students as well as professionals with accounting training may sometimes procrastinate if they have little confidence or are perfectionists. In both cases, perfectionists and those with low confidence alike may worry that their work isn’t up to par. Some perfectionists might procrastinate by over preparing. Meanwhile, professionals with low-self esteem may hesitate to approach their work for fear that it would fail to measure up to expectations.
Therefore, one excellent way to avoid procrastination is to remind yourself that nobody’s perfect, and that an important part of being a student is taking risks and learning from mistakes. Top colleges know this, and work hard to create a supportive environment. Instructors are there to offer guidance and support, so that students can build up their confidence and remember that they are capable of tackling whatever challenges come their way. As a result, they can let go of worries and self-doubt, and instead focus on achieving their goals.
Are you ready to start your career in accounting?
Join the National Academy of Health and Business and get your training now!
2018-02-14 by NAHB
For the employee who mistakenly gets a little extra money on their paycheck, the error might seem like a nice surprise. For the payroll or accounting professional on staff, though, it’s a problem that needs to be dealt with.
Fortunately, graduates of accounting programs are equipped to deal with this situation, possessing the skills necessary to achieve a quick and fair solution that gets everybody and everything back on track. Curious about what it is that they do? Here’s a look at how graduates of good accounting programs can go about fixing an overpayment.
Pros With Accounting Training Know Different Salary Overpayments Have Different Solutions
There’s more than one way to overpay an employee. There might have been a clerical error, for instance, or a system failure leading to an employee either being paid too much money, or being paid when they are on leave or no longer with the company. Repayment is the ideal solution, but delays and refusals are not unheard of, and lead the situation to become more complicated. Further, the specific manner in which the overpayment occurred can lead to different legal requirements during the pursuit of a resolution.
For professionals with accounting training, it’s a straightforward thing to resolve these different issues of salary overpayment. A combination of training in bookkeeping and accounting ensures graduates have a grasp of the specific processes demanded in financial management for a business. Training in standard applications like Quickbooks add to this an ability to pursue the correct solution quickly, and ensure all parties are made aware of the correct next steps as early as possible. It’s an ideal combination for nipping issues of overpayment in the bud as quickly and stress-free as possible.
Software savvy and accounting training combine to help accounting pros resolve overpayment issues
Over-Deduction Is Another Common Issue That Can Be Encountered in a Career in Accounting
It’s standard practice for employers to deduct employment insurance premiums from each pay check, sending the funds to the government on the employee’s behalf. It can happen, however, that an error is made and too great of a deduction is taken in a given pay period. Similarly, underpayment might also occur, with the company deducting too little in a given pay period. Both situations call for resolution, which can take the form of either reimbursement to the employee or making extra deductions from their later pay. Depending on the time frame over which these processes are meant to take place and the extent of the problem, however, finding a way to solve it can be a tricky thing to pull off.
Success in a career in accounting means being prepared to deal with these kinds of problems, and there’s no better way to achieve this readiness than through a good training program. These offer enrollees the chance to engage with experienced professionals who can offer real insight into a multitude of different accounting problems, something which can help steer them toward the correct solutions. If you know you want to do computerized accounting work for a business and want to be prepared to help resolve some of the payment issues that can arise, it’s important that you go into it with this type of education behind you.
Insight from experienced accounting trainers can help you resolve payment problems
Do you want to learn more about resolving payment issues?
Contact National Academy of Health and Business to learn about our accounting and payroll diploma!