Course Aims and Opportunities
- This course aims to give participants the knowledge and skills to carry out the payroll function in a small or medium enterprise.
- Participants will learn how to manually calculate wages including PAYE, USC and PRSI, set up and maintain computerised payroll systems and make revenue returns according to the latest Finance Acts and regulations.
- The qualification is a good addition to the CV of anyone wishing to improve career prospects in office administration or payroll.
- Successful candidates can go on to study other business modules and progress to further qualifications in business or management.
Course Content
Unit 1 Manual Payroll
- Define taxable incomes, gross pay, net pay, superannuation/pension
- Calculating PAYE based on Tax credits and standard rate cut-off point
- Calculating USC based on Income Thresholds
- Calculate gross pay including overtime, bonuses, commissions, holiday pay
- Calculate employees’ weekly and monthly net pay
- PAYE Modernisation for January 2019
- Operation of cumulative, emergency and temporary tax systems
- Calculate employee and employer PRSI in the various classes
- Employee PAYE and USC 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 details, employee details, payment types, payment frequency
- Process the payroll regularly for employees
- Edit employee data, e.g. change in pay, tax credits, cut-off point, tax system
- Print payroll management reports
- Update records at the end of a period
- Exit, save and backup data
- Outline the importance of password protection and security
Course Work
Assignment (60%): Candidates will complete payroll for a group of staff and make revenue returns.
Examination (40%): Candidates will set up employees on a computerised payroll package, process payroll, print payslips and reports, print revenue documents, backup etc.
Entry Requirements
Basic numeracy, literacy and computer skills.