Payroll - How to Calculate Net and Gross Pay Certification

How to Calculate Net and Gross Pay

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 employee's payslip.

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

Anyone can take up this course upon interest in anytime you want, anywhere you want, all you need is a smart phone/tablet/computer connected to the internet.

Upon completion, you will have a test with multiple choice questions and there is no limit on the number of attempts.

CPD

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

Course Duration - 1 hour and 15 minutes

Online Courses Learning is a provider of career essential courses. Simple understandable media content, concept oriented learning which helps develop career opportunities in the corporate World.

The learning experience has been designed from the ground up keeping your success in mind.

You can study at your own pace and from the comfort of your own home.