IAB Level 3 Certificate in Payroll for Business Qualification
Overview
Learners will gain knowledge and skills to process the payroll under Real Time Information (RTI) regulations and keep accurate payroll records.
The qualification is made up of:
Online Knowledge Test
Examination
Key Information:
55 GLH (Guided Learning Hours)
125 hours TQT (Total Qualification Time)
Who is this qualification for?
The learners who have achieved the IAB Level 2 Award in Payroll for Business or have relevant industrial experience can progress to Level 3 Certificate in Payroll for Business qualification. The Level 3 qualification is suitable for learners who wish to further their knowledge of payroll and gain regulated qualification of ofqual framework
Learners who are considering a career as a self-employed payroll practitioner will find the course very relavent, as will businesses owners who would like to be actively involved in the gathering and processing of payroll data and keeping of payroll records for their business.
What you’ll study
This qualification is made up of the following units:
- Understanding the work Legislation
- Be ready to apply statutory and intentional deductions while handling finance and payroll
- Processing the Gross Pay for a leaver
- Understand the statutory and non-statutory reporting necessities in accordance with current guidelines from HMRC and companies rules
- Be able to set up and maintain a computerised payroll system
- Be able to set up and maintain employee records within a computerised payroll system
- Be able to determine an employee’s gross pay from a range of payroll information
- Be able to enter details of gross pay elements into the computerised payroll system
- Be able to enter details of voluntary and statutory deductions
- Be able to process the payroll within given timescales
- Be able to reconcile the payroll and produce internal and external reports according to given timescale