Business Accounting and Payroll Management

Comprehensive Business Accounting and Payroll Management course specifically tailored towards people who wish to understand Accounting and Payroll in the UK.

The course focuses on teaching students the fundamentals of accounting starting from the basics and upon completion of the course, students will be able to carry out book Keeping and understand accounting using the double entry system. The course also contains a payroll administration part which will help students learn about how the payroll system works in the UK.

• You will be able to effectively use and apply the double entry system
• You will be able to record transactions appropriately
• Be able to carry out Adjustment and Trial Balance.
• Be able to understand how to account for Provisions and VAT.
• Understand how the UK payroll system works
• Be able to correctly calculate National Insurance contributions
• Be able to correctly calculate PAYE and understand the procedures
• Be able to set up a payroll system using HMRC provided tools
• Understand Self-assessment and Tax return

Course Lessons:

• Double Entry System: Students will be introduced to the accounting principles and the procedure of recording transactions. This unit covers areas such as account types and how to record transactions into such as the sales account, purchase account and cash book.etc.
• Cash Basis Accounting
• Accrual Basis Accounting
• Accounting for Provisions
• VAT and VAT return
• Understand how the payroll system works
• Governmental policies and laws
• Starter and leaver
• RTI
• Calculation of NICS
• Calculations of PAYE
• Setting up a payroll system using HMRC provided tool Real time information
• Self-assessment and Tax return
• Understand how to file self-assessment using HMRC provided tool

Assessment as quizzes and coursework

Duration and Certificate of completion:

The course takes 50-60 hours to complete. Certificate will be awarded upon successful completion of the course. A certificate in Business Accounting and Payroll Management certificate. 6 months access will be provided.

Entry requirement:

This course suits anyone seeking to get into self-employment or people who wish to understand how to carry out basic accounting for businesses and manage 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.

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 and how to record transactions. Tutor support provided throughout the subscription period.

Internet Access

Computer

Certificate of completion

Digital certificate - Included