Payroll Basics

Description

Picture this: You're in the heart of a bustling office, surrounded by stacks of paperwork and the hum of conversation. The clock strikes 5 o'clock, and everyone eagerly awaits their hard-earned wages. But behind the scenes, there's a silent hero who ensures that every employee receives their rightful pay on time, every time. That hero could be you! Welcome to the exciting world of Payroll Basics, where you'll learn the secrets of managing one of the most crucial aspects of your business.

Did you know that payroll errors cost UK businesses billions annually? In fact, a recent study found that 82% of companies encounter payroll mistakes, leading to disgruntled employees, legal issues, and even financial penalties. That's why skilled payroll professionals are in high demand, ensuring accuracy, compliance, and employee satisfaction. With our Payroll Basics course, you'll become a master of this essential skillset, equipping you with the knowledge to succeed in the ever-evolving realm of payroll management.

Enrol now, and let's start the journey!

CPD Certification: Upon completion, you'll receive a prestigious Continuing Professional Development (CPD) certificate, validating your expertise in payroll basics and enhancing your professional credentials.

24/7 Learning Assistance: Our dedicated support team will be available around the clock to assist you with any queries or challenges you may encounter during your learning journey.

Interesting Learning Materials: Say goodbye to boring textbooks! Our engaging and interactive learning materials, including videos, case studies, and exercises, will keep you captivated and ensure you grasp the concepts effortlessly.

This Payroll Basics course is perfect for anyone who aspires to excel in payroll management. Whether you're a recent graduate looking to kickstart your career or a small business owner eager to take control of your payroll responsibilities. Also, for an HR professional seeking to expand your skill set, this course is tailored to meet your needs.

In this comprehensive Payroll Basics course, you will dive into the intricacies of payroll management through a series of carefully crafted modules. In Module 1: Payroll Basics, you will lay the foundation for your payroll journey, grasping the fundamental concepts and terminology for accurate payroll processing. Modules 2 and 3 will guide you through Company and Legislation Settings as you progress, ensuring you understand how to configure payroll systems to comply with legal requirements.

Module 4: Pension Scheme Basics will demystify the complexities of pension schemes, providing you with the knowledge to handle pension contributions and administer pension-related processes effectively. Moving forward, Module 5: Pay Elements will explore the various components of employee pay, from wages and bonuses to deductions and benefits.

As you navigate the course, you will master critical tasks such as adding existing and new employees in Modules 7 and 8. Module 9: Payroll Processing Basics will equip you with the skills to process payroll accurately and efficiently. Module 10: Entering Payments will delve into the intricacies of recording and managing employee payments.

Throughout the course, you will also discover the importance of generating pre-update reports (Module 11) and updating records (Module 12) to ensure data accuracy and compliance. Modules 13 to 23 will also cover many topics, including e-submissions, payroll processing for specific months, managing employee records and reports, year-end procedures, and more.

Enrolling in our Payroll Basics course comes with many benefits. It has consistently received top-notch reviews from past learners who have transitioned into rewarding careers in payroll management. The course content is regularly updated to keep up with industry trends. Payroll management is a highly sought-after skill, with job opportunities spanning various industries.

No prior experience or qualifications are required to enrol in this Payroll Basics course. Bring your enthusiasm, dedication, and desire to learn, and we will guide you through the process.

Upon completing the Payroll Basics course, you'll possess the knowledge and skills to pursue various exciting career paths in the UK job market. Here are seven course-related professions, along with their average UK salaries:

Upon completing the Payroll Basics course, you will receive a CPD certificate accredited by leading industry professionals.

Enrol today in our Payroll Basics course and embark on an exciting journey towards becoming an indispensable payroll professional. Join thousands of satisfied learners who have already transformed their careers with us. Remember, the world of payroll awaits your arrival - are you ready to make your mark?

23 sections • 23 lectures • 03:41:00 total length

•Module 1: Payroll Basics: 00:10:00

•Module 2: Company Settings: 00:08:00

•Module 3: Legislation Settings: 00:07:00

•Module 4: Pension Scheme Basics: 00:06:00

•Module 5: Pay Elements: 00:14:00

•Module 6: The Processing Date: 00:07:00

•Module 7: Adding Existing Employees: 00:08:00

•Module 8: Adding New Employees: 00:12:00

•Module 9: Payroll Processing Basics: 00:11:00

•Module 10: Entering Payments: 00:12:00

•Module 11: Pre-Update Reports: 00:09:00

•Module 12: Updating Records: 00:09:00

•Module 13: e-Submissions Basics: 00:09:00

•Module 14: Process Payroll (November): 00:16:00

•Module 15: Employee Records and Reports: 00:13:00

•Module 16: Editing Employee Records: 00:07:00

•Module 17: Process Payroll (December): 00:12:00

•Module 18: Resetting Payments: 00:05:00

•Module 19: Quick SSP: 00:09:00

•Module 20: An Employee Leaves: 00:13:00

•Module 21: Final Payroll Run: 00:07:00

•Module 22: Reports and Historical Data: 00:08:00

•Module 23: Year-End Procedures: 00:09:00