Payroll - Manual & Computerised

Certification: FETAC Level 5

Duration: 10 weeks x 3 hours

Purpose: To provide the learner with the knowledge and skills necessary to maintain payroll records manually and on computer in a small to medium sized organisation.

Software Used: Thesaurus.

Aims

1. Acquire the knowledge and skills necessary to use both manual and computerised payroll systems.
2. Understand the essential and appropriate terminology associated with personal taxation.
3. Appreciate the importance of accuracy and security in preparing and maintaining payroll records.
4. Acquire the knowledge and understanding of how the cumulative, emergency and temporary tax systems operate.

Specific Learning Outcomes

1. Manual Payroll
2. Computer Principles
3. Computer Payroll

Manual Payroll

• Taxable income, gross pay, net pay, superannuation/pension, tax credits, standard rate cut-off point, gross tax, net tax, PAYE and PRSI
• Calculate gross pay
• Calculate tax
• Operation of tax systems
• Tax deduction cards
• Calculate employee tax liability
• P45, P60, P30 and P35
• Annual net pay
• Tax liabilities
• Annual budget

 Computer Principles

• Typical computer system in accounts environment
• Hardware and software
• Operating systems
• File management
• Advantages of computerised payroll over manual payroll system
• Computerised payroll packages currently available
• Importance of data accuracy
• Anti-virus protection
• Data Protection Act

Computer Payroll

• Access a payroll package
• Enter company information
• Enter employee details
• Pay frequency
• Payment types
• Non-statutory deductions
• Payroll processing
• Edit employee data
• Print payroll management reports
• Print relevant statutory documents, P45, P60, P30, P35
• Update records
• Save data correctly
• Back-up data
• Exit from software correctly
• Password Protection

Assessment for Fetac 5 accreditation is by Practical Examination (50%) and Project (50%)

This course is currently scheduled as follows: