10 reasons to work in payroll accounting at SKO

We all know it and most of us look forward to it every month: the payslip. A more or less complicated document which, put simply, lists for employees how their pay is made up. The calculation starts from the gross pay, and what matters most to employees is of course what ends up in their bank account at the end of the month: the net amount paid out. Most people probably give little thought to how the calculation of their own pay actually works and how much effort lies behind it. In this article we therefore briefly explain how it all works and what makes up the job of a payroll accountant – ten reasons, in fact, to work in payroll accounting. Ideally at SKO, of course.

As mentioned at the start, a payslip is a document that shows you how your net pay is calculated on the basis of your gross pay. From your agreed gross pay – your remuneration – the unpopular wage tax, church tax, solidarity surcharge and social security contributions are deducted. Deductions from or supplements to the net pay are then shown, and finally the amount to be paid out is listed on the payslip.

For payroll to be correct, everything starts with data maintenance in the payroll system. We begin by setting up the client and its personnel master data. In the payroll program the basic information of a company's employees is entered, such as name, address, health insurance, wage tax class and many other payroll components. Beyond that, employees' working time accounts are maintained and personnel files managed, for example. That may sound a little dry. Every client, however, has individual requirements and characteristics that have to be taken into account in payroll and that are agreed in advance with the client in many conversations. That is what makes the profession of payroll accountant varied and exciting, because the payroll runs have to be adjusted accordingly and complex payroll procedures understood and carried out. In this way processes are continuously improved together with the clients. Logical thinking and a solid understanding of mathematics are therefore needed. The payroll accounting of large clients can also only be managed as a team. That is why strong communication skills and the ability to work in a team are particularly important as a payroll accountant. Once data maintenance is complete, on the day of the payroll run all data for calculating the remuneration is sent to the computing centre and the final figures are calculated. The finished payroll documents for the employees and the reports for employers, health insurers and tax offices are then made available and transmitted electronically. But our work is far from done at that point, because we do not simply press a button for the payroll run and then send everything out to the clients. After the payroll run, individual reports are prepared for the clients, developed beforehand to suit their needs. We are also always available for questions about the current payroll and are open to suggestions for improvement, in order to ensure even better results and smooth, uncomplicated cooperation for clients and the SKO team. So it always stays exciting, even after the payroll runs.

Has this small but fine overview of the world of payroll accountants caught your interest and do you find the subject exciting?

Here are 10 reasons why you should work in payroll accounting.

You get to know and apply employment law, social security law and tax law and to prepare payslips for various companies from various sectors.

Nothing works without colleagues. You prepare payroll together with your colleagues and there is a continuous exchange of knowledge. People help each other and learn together.

As a payroll accountant you are responsible for a wide range of tasks. These include correctly calculating the wages and salaries of hundreds or even thousands of employees and managing personnel files, and you are the contact person for many clients and their employees.

As a payroll accountant you have to be in constant contact with clients and their employees so that everyone is always informed and up to date. Communication with health insurers, tax offices and other institutions is also part of your everyday work.

Legal changes and new features in the system mean that you are constantly learning.

Preparing payroll cannot simply be taken over automatically by computers. The job of payroll accountant is therefore secure and in demand, because every company that employs staff has to deal with paying them.

International employers who employ staff in Germany have to calculate salaries just as national ones do. Foreign languages will score you points, because they are needed!

Payroll accountants can expect an attractive salary.

It is possible to take part in regular training, because laws keep changing and new ones are added, changes are made to the payroll system and new tasks and areas arise. You can continuously improve your know-how and become an expert.

Payroll accounting is complex and exciting. As every payroll run can be very individual, you have to be able to “think around corners” and prove your abilities.

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