4.70 (5 reviews)
☑ By the end of the course you will be able to complete various common functions using a free online UK payroll software E.g. 12pay
☑ Understand tax coding notifications and what different tax codes means
☑ Understand how pensions are applied
☑ Process attachments of earnings (AOE) such as court fines repayments
☑ Pay the HMRC and other relevant authorities and agencies
☑ How to register as an employer in the UK
☑ Process new starters and leavers
☑ Process monthly pay
☑ Process deductions e.g. taxes, student loan repayments
☑ Know the payroll journals and relevant accounts to debit and credit
☑ Year end processing
In this course, you will learn bookkeeping and accounting basics. By the end of this course, you will have a solid understanding of the main accounts in bookkeeping and accounting, the different financial reports, and I will show you step-by-step how to do bookkeeping and accounting. Also, you will learn everything about payroll. The computerised section of this course is based on using 12Pay software.
The package is suitable for all companies (as it is capable of dealing with unlimited employees and directors) and for a professional bookkeeper or accountant.
Learning how to use this software eliminates the need for extra training and enables you to easily adapt to other computerised payroll software packages, plus enhance your CV when applying for jobs with larger companies.
We provide you with a full working version of the software for your studies.
The course is structured in a format that allows you to study in your own time and at your own pace.
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.
Setting Up New company on payroll
Enrolment of New Employee on Payroll
Addition & Deduction on Payroll
Absences SMP, SSP, SICK PAYMENT, ADOPTION ,SHPP
Bookkeeping on QuickBooks
Recording invoice, payments receive , sales receipts