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Payroll : UK Payroll Journals

Developed by an Award-Winning Instructor | Lifetime Access | FREE Career Guidelines Included | Free PDF Certificate


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Summary

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

1 student purchased this course

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Overview

Are you ready to dive into the world of payroll accounting? If so, you've come to the right place! Our "Payroll Journals" course is designed to give you an in-depth understanding of payroll journals and their importance in recording payroll transactions accurately.

In this course, we'll cover everything from the basics of payroll transactions to more advanced topics such as calculating payroll liabilities and expenses. We'll explore the different types of payroll journals and how they are used to keep track of important information such as bonuses, commissions, benefits, deductions, and tax and national insurance contributions.

But don't worry, we won't just be throwing theory at you - we'll also be providing plenty of practical examples to help you apply your knowledge. You'll learn how to create and reconcile payroll journal entries, as well as how to correct errors when they occur.

By the end of this course, you'll have a solid understanding of how to record payroll transactions accurately and efficiently. Whether you're a beginner looking to learn the basics of payroll accounting or a seasoned professional looking to improve your skills, this course is for you!

So why wait? Sign up today and join us on this exciting journey into the world of payroll journals!

***You will also get these GIFTs with this course

  • Free Career Guidelines
  • Free PDF Certificate
  • Lifetime Course Access

Certificates

Reed Courses Certificate of Completion

Digital certificate - Included

Will be downloadable when all lectures have been completed.

Curriculum

1
section
9
lectures
1h 2m
total
    • 1: Promo - Payroll Journals Understanding 02:44
    • 2: Payroll Journals Understanding - Intro 02:54
    • 3: Payroll Journals Understanding - Enterig onto the system 03:16
    • 4: Payroll Journals Understanding - Option1 - Cash Basis 01:47
    • 5: Payroll Journals Understanding - Option2 - Credit Basis 13:55
    • 6: Payroll Journals Understanding - Credit Basis worked example 08:13
    • 7: Payroll Journals Understanding - NIL balances starting point 09:35
    • 8: Payroll Journals Understanding - Conclusion and Next Steps 01:55
    • 9: Career Guidelines 17:00 PDF

Course media

Description

Students who enrol in the "Payroll Journals" course will learn the following:

  • The basics of payroll transactions and their importance in accurate accounting.
  • The different types of payroll journals and how they are used to record payroll transactions.
  • How to calculate and record payroll liabilities and expenses accurately.
  • How to create and reconcile payroll journal entries, as well as how to correct errors in the journals.
  • How to handle bonuses, commissions, benefits, deductions, and tax and national insurance contributions.
  • How to apply the principles of payroll accounting to real-life scenarios.

By the end of the course, students will have gained a comprehensive understanding of payroll journals and how they are used in accounting. They will be equipped with the knowledge and skills needed to record payroll transactions accurately and efficiently, making them valuable assets to any company's payroll or finance department.



Why Choose this Course?

  • Conducted by industry experts
  • Get Instant E-certificate
  • Fully online, interactive video course
  • Developed by qualified professionals
  • Self-paced learning and laptop, tablet, and smartphone-friendly
  • 24/7 Tutor Support

Course Curriculum

*** Payroll : UK Payroll Journals ***

1: Promo - Payroll Journals Understanding
2: Payroll Journals Understanding - Intro
3: Payroll Journals Understanding - Enterig onto the system
4: Payroll Journals Understanding - Option1 - Cash Basis
5: Payroll Journals Understanding - Option2 - Credit Basis
6: Payroll Journals Understanding - Credit Basis worked example
7: Payroll Journals Understanding - NIL balances starting point
8: Payroll Journals Understanding - Conclusion and Next Steps
9: Career Guidelines

Who is this course for?

The "Payroll Journals" course is designed for anyone who wants to gain a solid understanding of payroll accounting and how to record payroll transactions accurately. This includes:

  • Beginners who are new to payroll accounting and want to learn the basics of payroll journals.
  • Students who are studying accounting and want to deepen their knowledge of payroll accounting.
  • Employees who work in payroll or finance departments and want to improve their skills in recording and reconciling payroll transactions.
  • Business owners who want to gain a better understanding of the payroll process and how it affects their business.
  • Anyone who is interested in pursuing a career in accounting or payroll.

Requirements

No prior knowledge or experience in payroll accounting is required to take this course. However, basic knowledge of accounting principles will be beneficial.

Career path

Completing the "Payroll Journals" course can lead to several career paths in accounting and payroll. Some of the possible career paths that this course can open up for you are:

  • Payroll Administrator
  • Payroll Officer
  • Bookkeeper
  • Accountant
  • Finance Manager

Questions and answers

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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.