Payroll – Manual & Computerised – QQI Level 5

Lots of medium- and large-sized companies contract payroll services from outside companies to streamline the process. Employers will keep track of the number of hours each of the employee worked and communicate this information to the payroll service.

Course Details

 

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Manual payroll calculation means that the payroll is processed by hand. It does not require an investment in payroll software. Such software has rates embedded in the programming, which eliminates manual calculation of payroll taxes.

This Payroll, Manual & Computerised QQI/FETAC Level 5 course is designed to give you the necessary knowledge, skills and competence to operate and maintain accurate payroll records using manual and computerised systems, for an organisation, working under general direction and supervision.

These are currently in high demand in today’s competitive Payroll Job Market.

Payroll Manual & Computerised QQI Level 5

I would recommend the following books, "Payroll Management: 2017 Edition" Paperback – 15 Nov 2016 by Steven M. Bragg (Author)

Payroll Management reveals how to manage time tracking, payroll processing, and paying employees, while also describing the United States payroll regulations and reporting requirements related to compensation, benefits, payroll taxes, and tax remittances. There are chapters dealing with payroll accounting and how to set up a system of procedures, controls, and recordkeeping. Payroll Management is updated annually for the latest payroll regulations.

I would also recommend, QuickBooks 2017 All-In-One for Dummies (For Dummies (Computers)) Paperback – 16 Dec 2016

Managing the books for a small business can be a challenging, onerous task. If you′re looking to spend fewer hours hunched over multiple spreadsheets and more time focused on other aspects of your growing business, this all–in–one guide gives you everything you need to put QuickBooks to work for you. Combining eight content–rich books into one complete package, this value–priced reference provides answers to all the questions you have about how QuickBooks can manage your business finances even the ones you didn′t know to ask!
 
With the help of QuickBooks 2017 All–In–One For Dummies, you′ll quickly and painlessly discover how to use this fan–favorite software program to establish fundamental accounting practices that will keep your company successful and healthy. From installing the software and configuring QuickBooks to setting up payroll reminders and keeping track of your business chequebook and credit cards, everything you need to effectively and efficiently stay on top of those dollars and cents is only a page away!
 
Organize all of your business finances in one place
Pay vendors, invoice customers, and track inventory
Prepare financial statements and reports
Access your cloud–based account using your smartphone
This is your all–encompassing guide to putting your financial woes to rest and simplifying your business accounting with confidence!
 
I would also recommend, "Payroll Accounting 2017" Paperback – 3 Oct 2016 by Jeanette Landin (Author), Paulette Schirmer (Author)
 
A modern approach to payroll accounting, Landin/Schirmer's Payroll 2017 provides a "practitioners' view" of this highly specialized area of accounting. Incorporating examples of real-world companies, Payroll 201 highlights the relevance of the course in its coverage of issues that students will face in their careers, such as labour planning and labour costs. Whether you are teaching face-to-face, hybrid, or online, Payroll 2017 is flexible enough to be used in courses as short as three weeks and as long as fifteen weeks. Connect(R) provides multiple opportunities for students to build their skills through practice, including exercise sets at the end of each chapter, auto-graded payroll and tax forms, the Continuing Payroll Project in each chapter, and a Comprehensive Project that encompasses an entire quarter of payroll accounting topics.

Learning Objectives

This course will enable learners to explain key terminology associated with personal taxation and outline advantages and disadvantages of a computerised system aswell as processing the payroll for employees using manual and computerised systems

On completion of the course learners will be able to:

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

• Outline the advantages and disadvantages of a computerised system over a manual one for payroll processing purposes

• Process the payroll for employee(s), using manual and computerised systems, under the cumulative tax system

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

• Demonstrate the changes in personal tax due to various factors

• Extract information form completed records to prepare all necessary mid-year and year end tax forms for employees

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

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

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

• Print a selection of reports after backing up computerised data on a suitable medium

COURSE OUTLINE