Course Outline
Fundamentals of Payroll and Withholdings
- Overview of payroll administration and its legal basis in Mexico
- Categories of earnings: regular, exceptional, and fluctuating pay
- Required and optional deductions (ISR, IMSS, INFONAVIT, advances, etc.)
- Worker categorization and various forms of employment
- The role of base salary and its impact on payroll processing
Calculating Total Salary, Earnings, and Deductions
- Integrated Daily Salary (SDI) and its computation for IMSS purposes
- Incorporating fixed and variable compensation elements
- Managing bonuses, vacation pay, and overtime allowances
- Establishing and organizing distinct income and deduction items within the system
Payroll Administration in CONTPAQi Payroll
- Tour of the CONTPAQi Nóminas interface and functional modules
- Setting up corporate entities and employee records
- Defining pay periods, specific concepts, and system parameters
- Producing and verifying payroll calculations
- Distributing payslips and generating electronic CFDI documents
Regulatory and Tax Compliance in Payroll
- Summary of Mexican payroll statutes and legal obligations
- Connectivity with IMSS, SAT, and INFONAVIT platforms
- Structure of CFDI 4.0 payroll documents and the digital signing workflow
- Creation of fiscal and accounting reports
- Identifying frequent compliance mistakes and strategies to avoid them
Recap and Future Directions
- Review of critical payroll and compliance topics
- Best practices for continuous system updates and upkeep
- Suggestions for further professional development and certification
Requirements
- A foundational grasp of payroll or human resources procedures
- Awareness of the Mexican employment and taxation landscape
- No existing CONTPAQi expertise is necessary
Target Participants
- Payroll specialists and HR managers
- Accountants and tax compliance experts
- Finance team members tasked with payroll oversight and reporting
Testimonials (4)
How to manage business financials
surprise mtileni - Hatima Holdings (Pty) ltd
Course - Learning Xero
Good communication, open for discussion, kept it interesting and engaging
Ahmet Keyman - Keytrade AG
Course - Management Accounting and Finance for Non-Finance Professionals
Experience of the trainer and his way of conveying the content
Roggli Marc - Bechtle Schweiz AG
Course - FinOps
The trainer did not leave a single minute unexploited! He was up a storm throughout every lesson and provided much material for whatever he dealt with.