Skip to content

Payroll Management Level 3 Advanced Diploma

Update on 2023 | CPD Certified | Free Digital Certificate | Free Exam | Lifetime Access

Course Line On Demand

Summary

Price
£12 inc VAT
Study method
Online, On Demand What's this?
Duration
2 hours · Self-paced
Qualification
No formal qualification
Certificates
  • Reed Courses Certificate of Completion - Free
Additional info
  • Tutor is available to students
2 students purchased this course

Add to basket or enquire

Overview

Welcome to Payroll Management Level 3 Advanced Diploma, a comprehensive and engaging course designed to provide you with in-depth knowledge and practical skills in Payroll Management. Throughout this course, we will explore various aspects of Payroll Management and delve into its fundamental concepts, advanced techniques, and real-world applications.

Our primary objective in Payroll Management Level 3 Advanced Diploma is to equip you with a solid foundation in Payroll Management. Whether you are a beginner or an experienced professional looking to expand your expertise, this course will cater to your needs and help you achieve your learning goals.

During our journey together, you will have the opportunity to:

  • Gain a thorough understanding of the core principles and theories that underpin Payroll Management.
  • Acquire practical skills through hands-on exercises, projects, and real-world examples.
  • Explore cutting-edge advancements and emerging trends in the field of Payroll Management.
  • Prepare for future opportunities, such as further education, career advancement, or entrepreneurship, in the field of Payroll Management.
  • Reflect on your learning journey, celebrate your achievements, and gain the confidence to excel in Payroll Management.

By the end of Payroll Management Level 3 Advanced Diploma, you will have gained a comprehensive understanding of Payroll Management and developed the skills necessary to succeed in this dynamic field. Whether you choose to pursue further education, enter the job market, or embark on entrepreneurial ventures, this course will lay a strong foundation for your future endeavours.

We are excited to have you join us on this educational journey, and we look forward to helping you unlock your full potential in Payroll Management Level 3 Advanced Diploma. Let's get started!

Why should you choose Course Line?

When it comes to quality education and professional development, Course Line stands out as one of the most prestigious learning providers. As a certified institution by UKRLP & CPD Group, we have a proven track record of excellence, having successfully taught over 20,000+ students and counting.

Curriculum

25
sections
25
lectures
1h 59m
total

Course media

Description

Welcome to the course outline for Payroll Management Level 3 Advanced Diploma. In this comprehensive learning journey, we will explore the depths of Payroll Management, delving into its core principles, practical examples, and advanced techniques. Through a series of engaging lectures and exercises, you will gain the knowledge and skills necessary to excel in the field of Payroll Management Level 3 Advanced Diploma.

*****Payroll Management Level 3 Advanced Diploma Course Syllabus*****

Module 1: Payroll Systems and Management Fundamentals

  • Payroll System
  • Need for a payroll system
  • Why do you need to please the taxman
  • Availability of the accountant

Module 2: Investigate the Fundamentals of the Payroll System

  • Payroll System Basics
  • Back-up
  • Communication
  • Paperwork
  • Pay Slip
  • Basic Record Keeping and Payroll System

Module 3: Defining Payroll Systems in the United Kingdom

  • Effective payroll making
  • What does an effective payroll system need to include?
  • Why do payroll systems go hand in hand so closely with HMRC
  • An effective and well-run payroll system

Module 4: Maintaining an Efficient Payroll System

  • Inside and outside of the payroll system
  • Staff training shares knowledge and allows improvements to be made
  • Regular reviews
  • Communication
  • Weekly or monthly payroll management
  • Store important records

Module 5: Employees Joining and Leaving the Company

  • Starting employment within the company
  • P45
  • Communication issues
  • The importance of timekeeping

Module 6: How to Deal with HMRC Concerning New Employees

  • Reinforcement
  • Why does HMRC need to know such information relating to employment changes?
  • What to do if your new employee needs to have student loan repayments taken from their wages
  • Ensure the new employee pays correctly and on time
  • Store information relating to your new employee

Module 7: Net and gross pay calculation procedure

  • Gross pay
  • Net pay
  • Calculating gross and net pay
  • Importance of high-quality payroll software
  • Importance of having a clear wage slip
  • Manually check the payroll figures

Module 8: Understanding the Effects of Voluntary and Statutory Deductions on Net Pay

  • Difference between gross and net pay
  • Voluntary and statutory deductions
  • Effect of voluntary and statutory deductions
  • Reporting voluntary and statutory deductions to HMRC

Module 9: The Statutory Pay Process

  • Statutory pay
  • When can an employee claim statutory pay
  • An employee qualifies for statutory pay
  • Record keeping in relation to statutory pay
  • Reporting statutory pay to HMRC
  • The importance of a well-communicated sickness reporting system

Module 10: National Minimum Wages for Various Types of Work in the UK

  • Eligibility for the minimum wage
  • Calculating the minimum wage
  • Working hours for which the minimum wage must be paid
  • Enforcing the minimum wage

Module 11: A Summary of the National Insurance Contribution System (NIC)

  • Define NIC system
  • Reason for paying National Insurance
  • Different types and rates of National Insurance
  • Employer’s NICs
  • Deduction of National Insurance from an employee’s wages

Module 12: Employee fewer Payments & National Insurance Contributions (NIC)

  • The potential reasons why an employee may pay less NIC
  • How do you report to HMRC that an employee is paying less NIC
  • Recordkeeping in relation to NIC
  • Communication issues in relation to changes in circumstances

Module 13: Payee System Process

  • PAYE system in the UK
  • Benefits of PAYE system for both employers and employees
  • Importance of tax codes
  • Method of sending PAYE information to HMRC
  • Software issues related to the PAYE system
  • Differences in the PAYE system

Module 14: Employers' Guide on Using the Online PAYE System

  • Exactly what the PAYE system is in the UK.
  • An employer’s responsibilities in terms of PAYE and reporting to HMRC
  • Reporting PAYE information to HMRC
  • Software and technical issues in relation to reporting PAYE

Module 15: Making Use of the Employment Allowance

  • Define the Employment Allowance
  • Employment Allowance benefits a business
  • Reiteration on Class 1 NICs
  • When can you claim Employment Allowance?
  • How do you claim Employment Allowance?

Module 16: Payment Upon Termination of Employment

  • Employment termination payment
  • Payments in relation to redundancy
  • Why is the subject of employment termination payments such a grey area?
  • Reporting employment termination payments to HMRC
  • The assistance of employment termination payments

Module 17: Explanation of the Retirement Plan

  • Retirement
  • Different types of pension schemes
  • Workplace pensions
  • State Pension
  • Workplace pensions
  • What to do when an employee retires from the company

Module 18: How to Use the RTI Computerized Payroll System Effectively

  • What is RTI
  • RTI and PAYE go hand in hand
  • Report the payroll information in RTI
  • Outsourcing of payroll duties
  • How to choose the correct software

Module 19: Investigating Payroll Software Programs

  • The function of Payroll software
  • Why your software needs to be HMRC tested and recommended
  • Software options for small businesses and larger businesses
  • Features to look for in payroll software
  • Changes to software and updates

Module 20: Payroll Error Correction

  • Errors occurring to payroll
  • Consequences of not correcting errors in your payroll submission to HMRC
  • Paying your employee too little, or too much
  • Reporting the wrong pay or deductions to HMRC
  • Correct an employee’s personal information
  • What to do if your PAYE bill simply doesn’t seem right
  • Importance of good quality software

Module 21: How to Keep Employee Records

  • Employee Records
  • Data Protection
  • Payroll records from an HMRC point of view
  • Tax Compliance Checks
  • The consequences of not keeping up to date and accurate payroll and employee records

Module 22: Annual Reporting and Other Payroll-Related Tasks

  • The end of the tax year means that employers
  • Sending final payroll report for tax year
  • Updating payroll records
  • Updating the payroll software
  • P60s
  • Reporting employee expenses and benefits to HMRC

Module 23: A Concise Overview of the Legal Considerations Involved with Payroll Systems

  • National Minimum Wage
  • PAYE and RTI
  • Pension schemes
  • Deductions from wages

Assessment Process

Upon completing the Payroll Management Level 3 Advanced Diploma course, you will be required to undertake a multiple-choice evaluation in order to gauge your understanding of the material covered.

If you do not achieve the minimum passing score, you will have the opportunity to retake the assessment without incurring any additional cost.

Certification

After successfully completing this Payroll Management Level 3 Advanced Diploma course, you will get an instant Free digital certificate.

Who is this course for?

Payroll Management Level 3 Advanced Diploma is designed to cater to a wide range of individuals who are eager to enhance their knowledge and skills in Payroll Management.

This course is suitable for:

  1. Beginners in Payroll Management
  2. Professionals
  3. Students
  4. Career changers

No matter your background or level of experience, Payroll Management Level 3 Advanced Diploma offers a comprehensive learning experience that caters to your specific needs. Join us on this educational journey and unlock your potential in Payroll Management today!

Requirements

Requirements for the Payroll Management Level 3 Advanced Diploma course:

  • No Prior Knowledge Required
  • Basic Computer Skills.
  • Internet access.
  • Familiarity with English

Career path

Completing Payroll Management Level 3 Advanced Diploma course can open exciting career opportunities in various fields related to Payroll Management. Here are three potential career paths you can pursue after completing Payroll Management Level 3 Advanced Diploma:

  • Payroll Management Specialist
  • Payroll Management Researcher
  • Payroll Management Educator

Questions and answers

Currently there are no Q&As for this course. Be the first to ask a question.

Ask a question

Certificates

Reed Courses Certificate of Completion

Digital certificate - Included

Will be downloadable when all lectures have been completed.

Reviews

Currently there are no reviews for this course. Be the first to leave a review.

Leave a review

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.
View all
Related searches: Accountancy courses, Financial management courses, Management courses, Online courses