COURSE OVERVIEW:
Welcome to the course on Prepare & Manage Payroll. This course is designed to equip payroll professionals with the essential knowledge and skills needed to manage payroll processes efficiently and in compliance with Australian legislation and standards.
We begin with an introduction to Australian payroll systems, providing an overview of how payroll operates within different organisations and the various systems used to ensure accurate and timely payment to employees.
Understanding Australian legislation and standards is crucial for payroll management. This section covers key laws and regulations that affect payroll operations, including the Fair Work Act, taxation laws, and superannuation requirements. Compliance with these laws ensures legal and financial accountability.
Payroll policies are the foundation of effective payroll management. We will explore the features of payroll-related policies and procedures, including how they guide the administration of payroll, ensure consistency, and provide a framework for resolving payroll issues.
Pay calculation methods are vital for determining employee compensation. This section will cover methods for calculating gross pay and annual salary using awards, contracts, and legislation, ensuring accurate and fair payment to employees.
Single Touch Payroll (STP) processes are an integral part of modern payroll systems in Australia. We will discuss the processes involved in STP, including how it simplifies reporting to the Australian Taxation Office (ATO) and ensures real-time compliance with tax and superannuation obligations.
Setting up payroll procedures is essential for maintaining the integrity and security of payroll information. This includes ensuring confidentiality, validating claims for allowances, safeguarding financial resources, and establishing systems to meet statutory obligations and record-keeping requirements.
Preparing payroll data involves several critical steps. Participants will learn how to compute gross pay and annual salaries, calculate necessary deductions using appropriate documentation, and provide payroll data for processing within required timelines.
Authorising payments is a key responsibility in payroll management. This section will cover how to verify payroll, authorise payments, reconcile salaries and deductions as per organisational policies, and manage salary and wage enquiries in accordance with those policies.
Managing salary records is crucial for compliance and accuracy. We will discuss handling declaration forms according to ATO requirements, sending periodic deductions to creditors on time, preparing and sending payments to authorities as per legislation, calculating and transcribing group tax, making necessary payments, and preparing and reconciling group certificate amounts from records.
By the end of this course, participants will have a thorough understanding of how to prepare and manage payroll effectively, ensuring compliance with Australian laws and standards while maintaining accuracy and efficiency in payroll processes.
This course is designed to align with the content outlined in the Nationally Recognised Unit of Competency BSBHRM526.
LEARNING OUTCOMES:
By the end of this course, you will be able to understand the following topics:
1. Introduction to Australian Payroll Systems
2. Australian Legislation and Standards
· Key laws and regulations affecting payroll operations.
3. Payroll Policies
· Features of payroll-related policies and procedures.
4. Pay Calculation Methods
· Methods for calculating gross pay and annual salary using awards, contracts, and legislation.
5. Single Touch Payroll (STP) Processes
· Processes involved in Single Touch Payroll (STP).
6. Setup Payroll Procedures
· Ensure confidentiality and security of payroll information.
· Ensure procedures validate claims for allowances.
· Safeguard financial resources as per requirements.
· Establish systems to meet statutory obligations and record-keeping requirements.
7. Prepare Payroll Data
· Compute gross pay and annual salaries.
· Calculate necessary deductions using documentation.
· Provide payroll data for processing within timelines.
8. Authorise Payments
· Verify payroll and authorise payments.
· Reconcile salaries and deductions as per policies.
· Manage salary and wage enquiries per policies.
9. Manage Salary Records
· Handle declaration forms according to ATO requirements.
· Send periodic deductions to creditors on time.
· Prepare and send payments to authorities as per legislation.
· Calculate and transcribe group tax, and make necessary payments.
· Prepare and reconcile group certificate amounts from records.
COURSE DURATION:
The typical duration of this course is approximately 2-3 hours to complete. Your enrolment is Valid for 12 Months. Start anytime and study at your own pace.
COURSE REQUIREMENTS:
You must have access to a computer or any mobile device with Adobe Acrobat Reader (free PDF Viewer) installed, to complete this course.
COURSE DELIVERY:
Purchase and download course content.
ASSESSMENT:
A simple 10-question true or false quiz with Unlimited Submission Attempts.
CERTIFICATION:
Upon course completion, you will receive a customised digital “Certificate of Completion”.