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Payroll – How to Calculate Net and Gross Pay Certification

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Summary

Price
£99 inc VAT
Or £33.00/mo. for 3 months...
Study method
Online
Duration
1 hour · Self-paced
Qualification
No formal qualification
CPD
1 CPD hours / points
CPD What's this?
Additional info
  • Tutor is available to students

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Overview

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CPD

1 CPD hours / points
Accredited by The CPD Certification Service

Description

How to Calculate Net and Gross Pay
Good payroll management is key to the running of a business. Fortunately, this is a relatively simple matter now that we have software packages able to calculate tax, National Insurance contributions, and other deductions that need to be taken off an employee’s payslip.

However, it is still essential that you understand the basic concepts underlying these calculations. In this course, you will learn the differences between net and gross pay.
You Will Learn:

What is meant by the term “gross pay” and how it is calculated
What is meant by the term “net pay” and how it is calculated
The most common types of deductions displayed on a payslip
Why a high-quality payroll package is an essential business tool
When you should consider manually checking your payroll figures

Benefits of Taking This Course:

If you are responsible for overseeing a payroll at work, this course will help you fulfil your duties
This course will prevent you from making mistakes that could cost your business considerable time and money in the long run
This course will help you work with employees to resolve any difficulties and discrepancies relating to pay
This course will help you decide who requires payroll training in your business, which is useful if you work in an HR or training role

Who is this course for?

There is no experience or previous qualifications required for enrolment on this course. It is available to all students, of all academic backgrounds.

Requirements

The course does not require any pre-knowledge to pursue the course. And it is compatible with any kind of device. You will get the same experience in learning whether you are using Windows, Mac, a smartphone or tablet. You can access the course materials with any kind of connection, from anywhere, without any limitation!

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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