Financial Skills: Payroll: Introduction

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Course Overview

This two-day course has been designed to provide an overview of the basics of payroll and equip those attending with relevant, useful knowledge of operating payroll on a day to day basis. General payroll obligations and requirements will be identified and relevant legislation introduced. The course will include training and practical elements with the objective of enabling each delegate to undertake calculations and exercises that will give them the core skills necessary for the preparation of manual payments.

Audience

• Employees new to payroll
• Those who are required to cover for absences and only have experience of running a computerised payroll
• Those who require an understanding of payroll legislation and procedures
• Those already working in payroll who want to understand how a computer payroll calculates employees pay
• Those in accounts, personnel or overall management that need to understand what payroll involves

Skills Gained

• What will they learn?
• Key aspects of financial control
• Financial budgeting for projects
• Evaluation and interpretation of financial data

Course Outline

• Payroll obligations and requirements
• Payroll cycle
• Data collection
• Record updating
• Calculation and reconciliation
• Reporting and record keeping
• PAYE
• Tax codes and tables
• Percentages and rates
• Calculating PAYE
• National Insurance
• Using NIC tables
• Percentages and rates
• Calculating NI
• Statutory Sick Pay
• Statutory Maternity Pay
• Starters and Leavers
• Deductions/attachments
• Court orders
• Pensions
• Student loans
• Voluntary (union etc)
• Tax credits
• Data Protection and Disaster Recovery
• The course is supported by a detailed workbook which together with the practical exercises and model answers provided compiles into a useful, practical, post course reference guide.

Financial Skills: Payroll: Introduction / PAY