New 3rd Edition of Payroll Accounting: A Practical, Real-World Approach provides a, streamlined, skills-based approach to teaching payroll accounting.
This edition features updated 2015 IRS Forms and eLab Homework Grader to automatically grade practice sets and the Continuing Payroll Problem. Also new are algorithmic exercises in the practice sets.
Watch a quick overview video for setting up your Payroll Accounting eLab course.
Highlights for Payroll Accounting
We have emphasized topics most commonly addressed by all companies, and created targeted exercises to reinforce these concepts. Our solution contains trial access to QuickBooks trial software and an eLab license key which allows for automated grading of tests, practice sets, and the Continuing Payroll Problem.
Balance theory and practical skills.
We walk the student through the process of completing the forms and performing the calculations necessary to process payroll. Students master concepts and apply what they've learned by working through a progression of exercises. Case studies replicate real-world situations, giving your students the experience they need to be successful in today's workplace.
Ensure readiness with plenty of exercises.
Each chapter contains two practice sets to reinforce learning, and a third practice set included in the instructor support materials and eLab Homework Grader. A continuing project at the end of each chapter builds throughout the book to solidify concepts and best practices for students. The book concludes with a comprehensive, capstone project allowing students to demonstrate their ability to apply the concepts and skills that were learned.
Make the connection between payroll laws and specific actions.
Laws and concepts are aligned with payroll actions to help students connect the payroll-related tasks to the driving guidelines behind them.
Simplify teaching and learning. Our unique approach is driven by guiding principles based on years of refinement of an instructional design that engages students and makes learning easy and effective. Instructor resources reduce prep time and simplify instruction. And our commitment to value makes our solutions affordable for all types of students.
Automated grading with eLab. Payroll Accounting includes an eLab license key for automated grading, instant feedback, and eLearning resources. Creating a course is easy! View a video on how to get started. The new eLab Homework Grader automatically grades assignments and tests, and features algorithmic exercises for practice sets. You can manage grades within eLab or integrate with your LMS to manage grades from your standard gradebook.
Prepare students for the real world with payroll tools. Each book comes with 140-day QuickBooks trial software, providing a way to ensure every student experiences standard payroll tools.
New to This Edition:
Revamped Continuing Payroll Problem which is now included within eLab Homework Grader
Algorithmic calculation exercises within Homework Grader
Creation of Chapter 8, which provides QuickBooks-specific instructions for both the one-month comprehensive project and the three-month comprehensive project.
Creation of Appendix D, which lists physical addresses for each state tax department.
Inclusion of reference table summarizing whether different types of employee payments are taxable or non-taxable for FWT, FICA taxes, and FUTA tax.
Expanded coverage of Dependent Care Benefits
Expanded coverage of Wage Garnishments, including Title III of the Consumer Credit Protection Act
Inclusion of both statutory employees and statutory nonemployees within Chapter 5
Expended coverage of rounding issues that can create inaccuracies within Form 941 and Form W-2.
Inclusion of Title XII Advances within FUTA tax section.
Inclusion of reference to reduction of FUTA tax credit for failing to make timely SUTA tax payments.
Expanded coverage of issues related to SUTA tax, including experience ratings, and lump-sum voluntary contributions.
About the Author:
Eric A. Weinstein (MBA, CPA) is a Professor of Business Administration at Suffolk County Community College on Long Island, NY. Eric graduated Summa Cum Laude from Georgetown University in 1999, where he earned a BS in Business Administration and majored in Accounting. In 2004, he earned an MBA from the Fuqua School of Business at Duke University. Eric has received many awards in his career, including the State University of New York Chancellor's Award for Excellence in Teaching. Eric has also been a practicing Certified Public Accountant in New York for more than ten years, where he provides accounting services for small businesses and individuals.
Use in a technology center for high school and entry level adults. Meets objectives of course! Love the online homework checker!
4/21/2016 12:35 pm
D. Wiginton, Educator, Educator
Unable to adopt based on price but liked the content and book.
LabLearning Response: Thank you for the feedback! The appearance of our book may be small, but it’s got all the full content needed for a 3-4 credit Payroll course. It is being successfully used by many programs who feel the content is adequate and effective, especially with the practice sets included as part of the solution.
3/31/2016 8:32 am
Jennifer Callis, Educator
There are some calculating mistakes but good overall. It starts slowly enough for students to wrap their head around the material. The online homework checker is great!
3/10/2016 6:09 am
J. Bartlett, Educator
Almost too simplified for college level course. The FUTA/SUTA chapter is especially lacking in detail. Several errors were found in the solutions manual.
LabLearning response: Thanks for the feedback! We will look into the possibility of adding details your mention, and have corrected all errors reported to us in the solution manual.
3/7/2016 6:07 am
Sherry Vowell, Educator
Great book for the students and good value. Love the use of QuickBooks for the project, keep adding how to resources for the students, especially in the QB area.
1/13/2016 4:48 pm
R. Phillips, Educator
Cuts out the fluff and gives lots of practice problems!
1/11/2016 2:21 pm
Roshelle Overton, Educator
Easy text for the students to learn and experience payroll. I like the online component and homework grader.
1/6/2016 7:45 am
Sharon Barnes, Educator
Gives a great overview of the Payroll process for beginners.
12/14/2015 4:35 pm
S Paul, Educator, Educator
Some of the errors have been corrected
12/13/2015 5:48 pm
Lillian Galindo-Bryson, Educator
Used it last year and it worked well, (in spite of errors that are hopefully now fixed!). Need to use more continuing (comprehensive) type problems/ projects. Also, need more info on major state payroll/ employment laws... like CA. Use of Excel was very helpful... and "real world"! However, need to expand QuickBooks/ Sage projects. Will be using again this Spring & Summer. Best value for students too!
12/13/2015 2:09 pm
Eric Stadnik, Educator, Educator
A little less in depth than the last text I used, but overall, should help students master the skills they need.
12/13/2015 11:08 am
Michelle Parker, Educator
I am really looking forward to using this text in my Payroll course. This text will give students a great opportunity to practice real world examples.
12/13/2015 9:42 am
Mark Justice, Educator, Educator
I am using Elab for the first time and have found it to very user friendly for instructors to set up and use.
12/10/2015 1:32 pm
Braj Tiwari, Educator
Hoping all the eLab difficulties we saw last spring are resolved.
12/7/2015 5:45 am
Katheryn Reynolds, Educator
11/23/2015 10:33 pm
Debi Paulen, Educator, Educator
11/23/2015 3:59 pm
Kim Anderson, Educator
This will be a great book for teaching Payroll. I think the Comprehensive Projects will help students develop more skills and understanding.