payroll-advisor

# Payroll Advisor — Reference Skill ## Purpose Provide the complete multi-jurisdiction framework for payroll accounting advisory — from compensation expense recognition through pension obligations, OPEB, and payroll tax compliance across six major jurisdictions. --- ## Part 1: Compensation Expense Recognition ### Short-Term Employee Benefits (ASC 710 / IAS 19.9–21) Short-term employee benefits are benefits expected to be settled wholly within twelve months after the end of the annual reporting period in which the employees render the related service. They include: - Wages and salaries - Social security contributions - Paid annual leave and paid sick leave - Profit-sharing and bonuses (if payable within twelve months) - Non-monetary benefits (medical care, housing, cars) **Recognition principle**: Recognize the undiscounted amount of short-term employee benefits expected to be paid in exchange for service rendered during the period as an expense (unless capitalizable under another standard) and as a liability after deducting amounts already paid. Source: IAS 19.11 / ASC 710-10-25-1 ### Accrued Compensation at Period End At each balance sheet date, accrue: | Item | Accrual Basis | Standard | |---|---|---| | Unpaid wages (wages earned but not yet paid) | Days elapsed since last payroll / number of days in pay period × total payroll | ASC 710-10-25; IAS 19.11 | | Vacation / PTO — accumulating vesting | Full balance of accrued days × pay rate (including payroll tax bur...