Payroll How to Calculate Net and Gross Pay Certification
Good payroll management is key to the running of a business. Fortunately, this is a relatively simple matter now that we have software packages able to calculate tax, National Insurance contributions, and other deductions that need to be taken off an employees payslip.
Accounting and finance_Finance_Payroll
How to Calculate Net and Gross Pay
However, it is still essential that you understand the basic concepts underlying these calculations. In this course, you will learn the differences between net and gross pay.
You Will Learn:
What is meant by the term gross pay and how it is calculated
What is meant by the term net pay and how it is calculated
The most common types of deductions displayed on a payslip
Why a high-quality payroll package is an essential business tool
When you should consider manually checking your payroll figures
Benefits of Taking This Course:
If you are responsible for overseeing a payroll at work, this course will help you fulfil your duties
This course will prevent you from making mistakes that could cost your business considerable time and money in the long run
This course will help you work with employees to resolve any difficulties and discrepancies relating to pay
This course will help you decide who requires payroll training in your business, which is useful if you work in an HR or training role