IAB Payroll

Level 1 Certificate in Bookkeeping and Payroll

Make known to technical terms used by bookkeepers and payroll processes.

This certification is made up of the following units:

Principles of Payroll Preparation

• Understand significant employment and data protection regulation relevant to payroll
• Understand what organises gross pay for different payroll periods
• Understand the difference between statutory & voluntary deductions.
• Understand the information necessary to prepare and submit an employee payroll
• Understand the principles of the PAYE and NIC systems in the UK.
• Understand the internal and external processes required for finalising the payroll
• Understand HMRC reporting requirements

Fundamentals of Payroll Processing

• Be able to apply deductions
• Be able to calculate the amount of income tax to be deducted from Gross Pay
• Be able to compute gross pay for different payroll periods and situations
• Be able to complete internal and legislative procedures for a leaver
• Be able to produce the essential payroll forms and summaries

Computerised Payroll Processing

• Be able to create a computerised payroll system using available payroll software
• Be able to prepare and enter details of gross pay into the digital payroll system
• Be able to add employee records and payroll data on a computerised payroll system
• Be able to process the payroll
• Be prepared to back up and restore payroll data

Introduction to bookkeeping

• Understand bookkeeping terminologies
• Basics of double-entry bookkeeping
• Understand the VAT system
• Understand the purpose of the trial balances

Keep double-entry records and formulate a trial balance

• Use the journal entries
• Make a trial balance
• Record dealings in a double-entry bookkeeping system

Prepare reconciliations

• Set the petty cash balance
• Formulate a bank reconciliation statement

Progression:

Upon successful completion of this certification, you could move onto one of the following:

• Level 2-Certificate in payroll
• Level 2-Award in Computerised Payroll
• Level 1-Award in Computerised Bookkeeping
• Level 2-Certificate in bookkeeping

Level 2 Award in Payroll for Business

Learners will acquire knowledge and skills to process the payroll under Real Time Information -RTI regulations and keep precise payroll records.

This certification is made up of the following units:

Principles of Employment legislation and payroll processing

Understand the principles of

• relating to the processing of the payroll
• Statutory additions to and deductions from pay
• Repaying Student Loans through the payroll
• Procedures to opt when dealing with a leaver
• Requirements for processing and submitting payroll information
• need to complete period end payroll procedures within given timescales

Computerised Payroll Processing

• Be able to create and maintain company, pension & employee records using commercially available payroll software
• Be able to develop statutory and non-statutory reports
• Be able to regulate gross pay for various payroll periods
• Be able to back up & restore data when required
• Be able to process payroll precisely for a variety of pay periods using organisational procedures and timescales

Progression:

Upon successful conclusion of this qualification you could move onto one of the following:

• Level 3 Certificate in Payroll for Business
• AAT level 2- AAT Level 3 or AAT level 4

Level 3 - Certificate in Payroll for Business

Learners will increase knowledge and skills to process the payroll under Real Time Information - RTI regulations and keep correct payroll records.

This certification is made up of the following units:

Principles of Payroll Administration

• Understand employ legislation as it applies to payroll
• Know what regulations Gross Pay for a leaver
• Understand how to use legal and voluntary deductions to non-standard situations
• Understand the statutory and non-statutory recording requirements in line with current regulations and organisational requests

Computerised Payroll Administration –

• Be able to set up and uphold employee accounts within a computerised payroll system
• Be able to enter particulars of gross pay elements into the automated payroll system
• Be able to control an employee’s gross pay from a range of payroll information
• Be able to practice the payroll within given timescales
• Be able to enter particulars of voluntary and statutory deductions
• Be able to settle the payroll and produce internal and external reports according to given timescales

Progression:

Upon successful completion of this certification, you could move onto one of the following:

Apply for certified membership at the grade of Associate; you may also be interested in our Bookkeeping qualifications or go for further certification to enhance career level.

Assessment

The Level 1 Award in Computerised Payroll is evaluated by an examination. The Level 2 - Award in Computerised Payroll is considered by a knowledge test and a review. The exams can be occupied at one of IAB’s approved test centres located in the UK. We can help you in finding a test centre convenient for you. You must successfully pass all assessment tests and exams if you desire to gain the formal IAB qualifications. However, if you want to study without formal assessment, we can offer you with a certificate of achievement showing your completion of the course.

This course covers physical and computerised payroll processing. The Level 2 IAB Certificate in Payroll is specially designed to appeal to those who are aiming to become professional payroll administrators for a range of businesses. The Level 2 qualification is primarily considered for those who:

have accomplished the IAB Level 1 Award in Payroll, have some prior general knowledge of payroll procedures now wish to upgrade their skills and expertise to that necessary of payroll processors before employment has formerly worked in payroll and have not received a qualification. Who wants to return to working in payroll and wish to update their knowledge in payroll activities.