Course Content
Payroll Training:
In the past years, there have been a lot of variations being done by HMRC in rules around processing payroll. The new rules RTI submissions & Auto-enrolment pension scheme have conveyed the payroll skills into the light.
There is two accounting software used for the payroll training at FC training, Bright pay payroll and Sage Payroll software.
The Trainees are going to cover the following:
Payroll Theory & Academic Understanding
Our trainees come from different theoretical backgrounds, and it is important to collect all the information into a detailed workshop session to carry all the trainees at one page. The workshop contains an introduction to all the HMRC forms, important dates, technical aspects, tax codes & year-end adjustments. It also contains a reference to the HMRC website for more up-to-date knowledge.
Getting Started with the Setup
The payroll training starts with a comprehensive introduction of various computerised options to help with the payroll function. The introduction comprises setting up employee records, deductions, managing the pay elements, overtime & statutory payment rules. The introduction also includes a complete look at the P11d forms.
Tailoring the Software to your Specifications
The software is very quick and detailed in their functionality. You can tailor them to each detail you want. This is where the Payroll training becomes exciting, statuary payment rules and holiday schemes specific to your company or sector; you learn how to set up the company pension schemes.
Processing Wages & Payments
Setting up the employees, setting up the hourly, processing pay elements, weekly / monthly pay rates. Generating the payslips & summary reports.
Dealing with Statutory Pay
The course covers the Statutory Sick Pay - SSP; Statutory Paternity Pay (SPP) and Statutory Maternity Pay (SMP) to confirm you’re working to legislation
Processing Starters & Leavers
The basics of adding and eliminating people from the system, looking at the documents required when people join and leave the business.
Real-Time Information - RTI Processes
Understand the obligations of RTI for employee PAYE and ensure you are working to the government rules.
Reports & Backups
Pre and Post reports and backups.
Voluntary Deductions & Student Loans
See how to log these and how to integrate voluntary deductions & student loan payments into payroll systems.
Payments due to HMRC
This covers several different payments a corporate is required to make to HMRC, looking at the necessities, process and legalities of achieving this.
Calculating the Cost of Wages
See how Sage Payroll can benefit you calculate the cost of wages through its computerised systems.
E-Submissions
See how to submit bookkeeping information and make expenses online.
