What you'll learn
By the end of the course you will be able to complete various common functions using a free online UK payroll software
Process new starters and leavers
Understand tax coding notifications and what different tax codes means
Process monthly pay
Understand how pensions are applied
Process deductions e.g. taxes, student loan repayments
Process attachments of earnings (AOE) such as court fines repayments
Know the payroll journals and relevant accounts to debit and credit
Pay the HMRC and other relevant authorities and agencies
Year end processing
This Payroll course is all about payroll management, how to calculate the payroll and general overall understanding about what payroll is and the legal requirements in place, the forms, the deadlines, the process and procedures. We look at different software so that you can understand the functionality – and how to perform calculations. We give you the overall picture that you as a Payroll Manager would need to know, in order to be proficient in doing the payroll.
There is a practical scenario assignment. There are various tasks to complete. You are given the task to do and have a go at, and then the video answer is available. It is suggested that you:
– Read the task
– Watch the video
– Have a go at it yourself on your own system (we give you the links to access the payroll software for free)
– Re-watch the video (if necessary) – to reinforce the learning
You’ll learn how to become an employer, how to set up a new starter (employee), how to enter opening balances if they’ve given you a p45 from a previous employer, how to run payroll for various time slots – weekly, fortnightly, 4 weekly or monthly, how to calculate the net and gross, various terminology such as gross, net, NI, PAYE, cut off days, wages, salary, attachment of earnings, pension.
We cover the rules of being an employer, how to set up to become an employer and the various governing bodies that you should be aware of – particularly the HMRC, the Student Loans company and the Pensions Regular. We look at when and how everyone should be paid and the penalties for missing deadlines. The various forms to fill in and what type of information you should collect from everyone upon starting with your organisation and what to give them when they leave. We look at how to integrate the payroll with other functions – such as your accounting software, the reports to run and keep, the journal entries and what is going on behind the scenes and the true cost of employing people amongst over things.
We look at regular payments such as wages, and discretionary payments such as bonuses and commissions. We look at how to calculate sick pay and the difference between gross pay, net pay, take home pay, and employers national insurance NI and employees NI and employers pension contribution vs employee pension contribution.
This is a useful course if:
– You are thinking of employing people
– You are going to take responsibility for getting the wages right
– You are going for jobs which have a requirement for you to be able to know payroll and use payroll software
– You want to put this skill on your CV
– You are a bookkeeper or accountant and will be offering payroll services
– You run your own business and want to know how to run the payroll for yourself.
– You will need access to the various payroll software that we use and demonstrate. We give you the link to access the FREE online version. This will be sufficient.
We will look at: Bright Pay,
The course materials includes:
– The handout of the assignment task
– Show you how to access the software for free
– Successful completion of the course is the equivalent to being at the level of having a level 2 certificate in computerized payroll.
– The course will take about 5 hours to complete.
No previous knowledge is required or presumed. We start right from the very start – as to how to register to be an employer and set up a payroll for your business, to running basic payrolls with just an annual salary, to running payroll with absences (so including deductions), pensions set up and how to pay what is due to the relevant authority and by when, how to account for this in your accounts and what to do when someone leaves and the year end process. You will learn something new.
Who is the target audience?
– Bookkeepers and Accountants who need to have an understanding of the UK payroll system
– Students who are going for jobs where the requirement is working knowledge of how UK payroll works
– Previous knowledge of accounting or payroll is not presumed or required
– Those who have studied accounting, but want practical knowledge of payroll
Access to a computer or mobile device with an internet connection.
Motivation to learn!
There are no special materials or prerequisite knowledge required for this course.
Who this course is for
Students who are new to this field
Students willing to put in a couple hours to learn about Payroll Management
Advanced students wanting to add another skill to their portfolio
This course includes
Certificate of Completion
Option for learning at your own pace
Videos and reading material about the course
Assessed tasks with feedback from other course participants
Evaluated tests with feedback
Evaluated programming tasks