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Book keeping and Payroll Essential Training - Eligible for NUS Extra Discount Card


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Summary

Price
£499 inc VAT
Or £55.44/mo. for 9 months...
Study method
Online
Duration
60 hours · Self-paced
Qualification
No formal qualification
Additional info
  • Tutor is available to students

Overview

Combined courses specifically tailored towards people who wish to get into either payroll or Book Keeping. This course will help you understand the procedures of book keeping as well as how the taxation system works in the UK and will enable you to understand National Insurance and PAYE.

Description

Course Objectives:

The course focuses on teaching students the fundamentals of book Keeping starting from the basics and upon completion of the course, students will be able to carry out book Keeping for different types of business organisations using the correct procedure.

  • You will be able to understand and use the double entry system
  • Be able to analyse transactions effectively
  • Be able to carry out Trial Balance.
  • Become confident in your overall knowledge about how to correctly keep financial books for businesses
  • Understand how to account for Provisions and VAT.
  • You will be introduced to computerised type of book keeping using sage

The payroll part of the course focuses on teaching students all the basics of the payroll system. This course suits people who are completely new in payroll or wish to refresh their knowledge on payroll such as working out national insurance contributions and PAYE.

  • Understand how the UK payroll system works
  • Be able to correctly workout National Insurance contributions
  • Be able to correctly workout PAYE and understand the procedures

Book keeping Modules:

  • Introduction to Book Keeping
  • Journal and Ledgers
  • The Double Entry System
  • Cash Book And Petty book
  • Trial Balance
  • Understand how to analyse transactions effectively
  • Different types of accounts within a business organisation
  • Provisions
  • Account controls
  • Enterprises
  • VAT
  • Introduction to computerised Book Keeping

Assessment as quizzes and coursework

Payroll Training:

Unit 1: Introduction to Payroll

  • Understand how the payroll system works
  • The role of payroll administrator
  • Governmental policies and laws
  • Starter and leaver
  • RTI

Unit 2: Calculating National Insurance contribution for both

Employees and Employers

  • Be able to calculate National Insurance contributions using Tables and tools provided by HMRC

Unit 3: Calculation of PAYE

  • Be able to calculate income Tax
  • Understand why P45 is required
  • Understand why emergency tax code is used
  • Calculate income tax using manual process and tools provided by HMRC

Duration and Certificate of completion:

The completion for the course takes normally 12 weeks. However, students may be allowed to complete the course in more than 12 weeks if they are unable to complete the course within the specified period. Certificate will be awarded upon successful completion of the course. You will be awarded two certificates, a certificate in Book Keeping and basic Payroll certificate.

Entry requirement:

This course suits anyone seeking to get into Book Keeping or Payroll. A Basic skill in numeracy is required and an interest to study.

Career opportunity

Employers are generally interested in multi-skilled people who can work in different departments when required. This course may help you to land your first job as an assistant bookkeeper or within payroll or generally develop your knowledge for your own professional development.

Email Tutor support:

You will be assessed throughout the course to help you master the calculations of NICS and PAYE as well as double entry system in book keeping and how to record transactions. Tutor support provided throughout the subscription period.

Requirements

Internet access

Computer

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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.