Payroll (Manual and Computerised) - 5N1546

The aim of this award is to provide the Learner with an introduction to manual payroll terms and principles, and the knowledge and skills necessary to accurately operate a computerized payroll system using an integrated payroll package.

QQI Level 4 Certificate, or equivalent life/work experience.

QQI 5N1546 Payroll (Manual & Computerised) Component Certificate

Payroll Terminology and Basic Concepts:

  1. Explain the key terminology associated with personal taxation in preparing and maintaining payroll records both manually and on the computer.

  • Explain key terms such as taxable income, gross pay and net pay, superannuation/pension, tax credit, SCROP, gross tax and net tax, PAYE, PRSI.

  • Explain how the different tax systems work (i.e. cumulative, emergency, and temporary).

  • Explain the purpose of statutory documentation in relation to payroll (i.e. P.45, P.60, P.30 and P.35).

 

Computerised Payroll:

  1. Outline the advantages and disadvantages of a computerized system over a manual one for payroll processing purposes.

  • Discuss the advantages and disadvantages of using a computerized system over a manual system for processing payroll.

 

Manual and Computerised Payroll:

  1. Process the payroll for employees(s), using manual and computerized systems, under the cumulative tax system, to include; various elements of gross pay, holidays, unpaid leave, cut-off points, credits, all statutory and non-statutory deductions.

Manual:

  • Calculate gross pay after pension for an employee including basic pay, overtime, commission, bonus and pension (weekly).

  • Calculate an employees net tax using gross pay, pension, cut-off point and tax credit (weekly).

  • Identify the appropriate PRSI class for an employee.

  • Calculate employee’s and employer’s PRSI for an employee using gross pay after pension and various PRSI classes (weekly).

  • Process multiple weeks of payroll for an employee on the cumulative system, including commission / overtime / bonus / pension, cut-off point, tax credit, PRSI and non-statutory deductions.

Computerised:

  • Access a computerized payroll package.

  • Enter company details (i.e. name, address, VAT Reg no.)

  • Set up new employee details (i.e. name, address, PPS no., tax status, tax credits, SCROP, PRSI class, pension, pay method and cumulative details for mid-year set-up).

  • Set up pay frequency.

  • Enter allowances (i.e. holiday pay, overtime, commission, bonus and expenses).

  • Enter non-statutory deductions (i.e. pension, trade union fees, health insurance).

 

  1. Process the payroll for employee(s), under the emergency and temporary tax systems and subsequent transfer to the cumulative tax system.

Manual:

  • Process multiple weeks of payroll for an employee on the emergency / temporary system, including commission / overtime / bonus, pension, cut-off point (if relevant), tax credit (if relevant), PRSI and non-statutory deductions.

  • Transfer an employee from the emergency/temporary system to the cumulative system, including tax refunds.

Computerised:

  • Process multiple weeks of payroll for multiple employees, editing data where necessary and including setting up of new periods and a transfer from emergency/temporary to cumulative tax.

 

 

Manual Payroll:

  1. Demonstrate the changes in personal tax due to various factors to include; mid-year commencement and leaving of employment, changes in credits, refunds.

  • Calculate an employee’s annual tax liability using gross pay, pension, cut-off point and tax credits.

 

  1. Extract information from completed records to prepare all necessary mid-year and year-end tax forms for employees.

  • Calculate changes in an employee’s annual tax liability due to various factors, including mid-year commencement, and leaving of employment.

  • Calculate changes in an employee’s annual tax liability due to various factors including changes in tax credits, refunds.

 

  1. Extract information from completed records to prepare all necessary end-of-period and year-end returns and tax forms for the Revenue Commissioners.

  • Complete statutory documentation manually (i.e. P.45, P.60).

  • Complete statutory documentation manually (i.e. P.30, P.35).

 

  1. Assess the effect of using alternative assessment methods to calculate the annual tax liability of married couples.

  • Calculate an employee’s annual take home pay using gross pay, pension, cut-off point, tax credits and PRSI and marital status.

 

  1. Analyse the impact of changes in legislation on personal tax and take-home pay by comparing two tax years.

  • Calculate the effects of budgetary changes on an employee’s annual take home pay.

 

Computerised Payroll:

  1. Print a selection of reports after backing up computerized data on a suitable medium.

  • Preview and print various payroll management reports (i.e. payslips, gross to net report).

  • Preview and print necessary statutory reports (i.e., P.45, P.60, P.30 and P.35).

  • Back-up data at the end of a period.

  • Exit a computerized payroll package.

Payroll Terminology and Basic Concepts:

  1. Explain the key terminology associated with personal taxation in preparing and maintaining payroll records both manually and on the computer.

  • Explain key terms such as taxable income, gross pay and net pay, superannuation/pension, tax credit, SCROP, gross tax and net tax, PAYE, PRSI.

  • Explain how the different tax systems work (i.e. cumulative, emergency, and temporary).

  • Explain the purpose of statutory documentation in relation to payroll (i.e. P.45, P.60, P.30 and P.35).

 

Computerised Payroll:

  1. Outline the advantages and disadvantages of a computerized system over a manual one for payroll processing purposes.

  • Discuss the advantages and disadvantages of using a computerized system over a manual system for processing payroll.

 

Manual and Computerised Payroll:

  1. Process the payroll for employees(s), using manual and computerized systems, under the cumulative tax system, to include; various elements of gross pay, holidays, unpaid leave, cut-off points, credits, all statutory and non-statutory deductions.

Manual:

  • Calculate gross pay after pension for an employee including basic pay, overtime, commission, bonus and pension (weekly).

  • Calculate an employees net tax using gross pay, pension, cut-off point and tax credit (weekly).

  • Identify the appropriate PRSI class for an employee.

  • Calculate employee’s and employer’s PRSI for an employee using gross pay after pension and various PRSI classes (weekly).

  • Process multiple weeks of payroll for an employee on the cumulative system, including commission / overtime / bonus / pension, cut-off point, tax credit, PRSI and non-statutory deductions.

Computerised:

  • Access a computerized payroll package.

  • Enter company details (i.e. name, address, VAT Reg no.)

  • Set up new employee details (i.e. name, address, PPS no., tax status, tax credits, SCROP, PRSI class, pension, pay method and cumulative details for mid-year set-up).

  • Set up pay frequency.

  • Enter allowances (i.e. holiday pay, overtime, commission, bonus and expenses).

  • Enter non-statutory deductions (i.e. pension, trade union fees, health insurance).

 

  1. Process the payroll for employee(s), under the emergency and temporary tax systems and subsequent transfer to the cumulative tax system.

Manual:

  • Process multiple weeks of payroll for an employee on the emergency / temporary system, including commission / overtime / bonus, pension, cut-off point (if relevant), tax credit (if relevant), PRSI and non-statutory deductions.

  • Transfer an employee from the emergency/temporary system to the cumulative system, including tax refunds.

Computerised:

  • Process multiple weeks of payroll for multiple employees, editing data where necessary and including setting up of new periods and a transfer from emergency/temporary to cumulative tax.

 

 

Manual Payroll:

  1. Demonstrate the changes in personal tax due to various factors to include; mid-year commencement and leaving of employment, changes in credits, refunds.

  • Calculate an employee’s annual tax liability using gross pay, pension, cut-off point and tax credits.

 

  1. Extract information from completed records to prepare all necessary mid-year and year-end tax forms for employees.

  • Calculate changes in an employee’s annual tax liability due to various factors, including mid-year commencement, and leaving of employment.

  • Calculate changes in an employee’s annual tax liability due to various factors including changes in tax credits, refunds.

 

  1. Extract information from completed records to prepare all necessary end-of-period and year-end returns and tax forms for the Revenue Commissioners.

  • Complete statutory documentation manually (i.e. P.45, P.60).

  • Complete statutory documentation manually (i.e. P.30, P.35).

 

  1. Assess the effect of using alternative assessment methods to calculate the annual tax liability of married couples.

  • Calculate an employee’s annual take home pay using gross pay, pension, cut-off point, tax credits and PRSI and marital status.

 

  1. Analyse the impact of changes in legislation on personal tax and take-home pay by comparing two tax years.

  • Calculate the effects of budgetary changes on an employee’s annual take home pay.

 

Computerised Payroll:

  1. Print a selection of reports after backing up computerized data on a suitable medium.

  • Preview and print various payroll management reports (i.e. payslips, gross to net report).

  • Preview and print necessary statutory reports (i.e., P.45, P.60, P.30 and P.35).

  • Back-up data at the end of a period.

  • Exit a computerized payroll package.

For the next course date, phone Lir Reception 044-934 2754 or email training@lirbusinesscentre.com

€250.00

Lir|Business Services & Training Centre Ltd

42 Mount Street

Mullingar

Co. Westmeath.

 

Tel: 044-93 42754

Fax: 044-93 42755

training@lirbusinesscentre.com

 

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