General Description: Payroll Management
This Payroll Management course is all about how to manage payroll?, how to calculate the payroll and a general overall understanding of 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)
- Rewatch 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 Payroll Management Course 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 that 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 Payroll Management Course materials include:
- Free handout of the assignment task
- Direction of how to access the software for free
Successful completion of the course is the equivalent of being at the level of having level 2 certificate in computerised payroll.
Course Duration: 5 Hours
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 this course is for:
- 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
- Lectures 36
- Quizzes 0
- Duration 5 hours
- Skill level Intermediate
- Language English
- Students 519
- Assessments Yes
The UK Payroll System
- Find software per HMRC Brightpay
- Installing Brightpay
- Add a new employee
- Add 2 more employees
- Payroll settings
- Monthly schedule – 2 Lana
- Monthly schedule – 3 James
- Directors NI
- Paying HMRC
- Paying Pensions
- RTI Submission
- Coding Notices
- Payroll run for Jan & Feb 2018
- Leavers – p45
- End of Year p60
- Brightpay conclude
- Monthly schedule – 1 James
Paye, Tax, NI
Conclusion and Next Steps