Course Outline
Foundational Payroll Principles and Deductions
- Introduction to payroll administration and its governing legal framework in Mexico.
- Categorization of earnings: standard, exceptional, and fluctuating wages.
- Distinguishing between mandatory and optional deductions (including ISR, IMSS, INFONAVIT, and loans).
- Classification of employees and various employment modalities.
- Understanding the concept of salary base and its role in payroll processing.
Salary Composition, Earnings, and Withholdings
- Calculating the Integrated Daily Salary (SDI) for IMSS purposes.
- Combining fixed and variable compensation components.
- Processing bonuses, vacation pay, and overtime allowances.
- Establishing and managing distinct income and deduction parameters within the system.
Operational Management within CONTPAQi Payroll
- Navigating the CONTPAQi Nóminas interface and its functional modules.
- Establishing company profiles and employee records.
- Setting payroll cycles, defining concepts, and adjusting system parameters.
- Computing and verifying payroll figures.
- Distributing pay statements and electronic CFDI documents.
Regulatory and Tax Adherence in Payroll
- Review of Mexican payroll statutes and associated obligations.
- System integration with IMSS, SAT, and INFONAVIT platforms.
- Understanding the CFDI 4.0 payroll structure and the digital signing procedure.
- Creation of financial and accounting reports.
- Identifying frequent compliance pitfalls and strategies to avoid them.
Recap and Future Actions
- Consolidation of critical payroll and compliance principles.
- Best practices for continuous system maintenance and updates.
- Suggestions for further professional development and certification.
Requirements
- A foundational grasp of payroll mechanics or human resources workflows.
- An awareness of the specific labor and tax landscape in Mexico.
- No previous hands-on experience with CONTPAQi is necessary.
Target Participants
- Payroll specialists and HR department members.
- Accountants and officers focused on tax compliance.
- Financial 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.
