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Course Aims
- To provide participants with the knowledge and skills to carry out the payroll function in a small or medium enterprise
- This course aims to provide participants with the knowledge and skills to carry out the bookkeeping function in a small business
Course Outline
Payroll
Unit 1 Manual Payroll
- Define taxable incomes, gross pay, net pay, superannuation/pension
- Tax credits, standard rate cut-off point, gross tax, net tax, PAYE, PRSI
- Calculate gross pay including overtime, bonuses, commissions, holiday pay.
- Calculate employee’s net annual tax for the year.
- Cumulative, emergency and temporary tax deduction systems.
- Operation of cumulative, emergency and temporary tax systems.
- Explain and complete P45, P60, P30, P35 and P35L.
- Calculate employee and employer PRSI in the various classes.
- Employee Refunds
- Calculate employee annual net pay to include marital status, pension
contributions, tax credits and standard rate cut-off point. - Compare tax liabilities for joint and single assessment.
- Calculate effects of the budget on an individual’s take home pay.
Unit 2 Computerised Payroll
- Enter company and employee details frequency, method, type.
- Process the payroll regularly for a number of employees.
- Edit employee data, e.g. change in pay, tax credits, etc.
- Print payroll management reports.
- Update records at end of period, i.e., close off.
- Exit, save, and backup data.
- Outline the importance of password protection and security.
Bookkeeping
Unit 1 Bookkeeping Principles
- Principles of double entry bookkeeping
- Source Documents; Payment Methods
- Purchases, purchases returns, sales and sales returns books
with VAT analysis - Cheque payments – analysed. Analysed cash book.
- Post & maintain debtors, creditors and nominal accounts
- Control A/cs
- Extract a trial balance
- VAT calculations and complete a VAT 3 form for return to Revenue Commissioners
- Bank Reconciliation
- Understand basic accounting terms.
Unit 2 Computerised Practice
- Set up new customers, suppliers and nominal accounts
- Set up stock/produce codes and details.
- Enter opening balances
- Issue, print and post sales invoices and credit notes
- Post debtors’ payments
- Post purchases invoices, credit notes and creditor payments
- Post current bank account receipts and payments
- Post and maintain petty cash imprest
- Verify entries made and correct errors
- Copy, backup and restore data files
Course Work
Payroll: Assignment (60%) and Examination (40%)
Bookeeping: Assignment (50%) and Examination (50%)
Duration/Start
Bookkeeping: 25 January, Wednesday, 7pm – 10pm, 12 weeks
Payroll: 26 April, Wednesday, 6.30pm – 10pm, 10 weeks
Entry Requirements
Level 4 Certificate or equivalent, adult learners with relevant experience. Basic numeracy, literacy and computer skills.
Fee
€625