Course Outline
Foundational Payroll Ideas and Withholdings
- An introduction to payroll administration and the relevant legal framework in Mexico
- Categories of earnings: standard, exceptional, and fluctuating compensation
- Required and optional withholdings (including ISR, IMSS, INFONAVIT, loans, and others)
- Staff categorization and various forms of employment
- The notion of base salary and its impact on payroll processing
Calculating Salary Totals, Earnings, and Deductions
- Determining the Integrated Daily Salary (SDI) for IMSS purposes
- Combining fixed and variable compensation components
- Processing bonuses, leave allowances, and overtime pay
- Establishing and maintaining diverse income and deduction entries within the system
Administering Payroll via CONTPAQi Payroll
- A look at the CONTPAQi Nóminas interface and its various modules
- Setting up and adjusting company and employee profiles
- Establishing payroll cycles, specific concepts, and system parameters
- Executing and verifying payroll computations
- Distributing payslips and generating electronic CFDI documents
Payroll Legal and Tax Regulatory Adherence
- An overview of Mexican payroll laws and associated obligations
- Connecting with IMSS, SAT, and INFONAVIT platforms
- Understanding the CFDI 4.0 payroll format and the digital stamping procedure
- Creating financial and accounting reports
- Identifying common compliance mistakes and strategies to avoid them
Recap and Future Directions
- Revisiting essential payroll and compliance principles
- Best practices for continuous updates and system upkeep
- Suggestions for further professional development and certification
Requirements
- A foundational grasp of payroll or human resource operations
- Acquainted with the Mexican labor and taxation landscape
- Previous experience with CONTPAQi is not necessary
Target Participants
- Professionals in payroll administration and human resources
- Accountants and specialists in tax compliance
- Financial team members overseeing payroll processing 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.